The Pension Protection Fund has successfully guided the first scheme through the assessment period using its ‘assess and pay' programme.
The government would be "ill advised" to alter the discount rate to calculate the amount public sector employees pay into unfunded pension schemes, the Trades Union Congress says.
UK/EMEA - Northern Trust has appointed Wilson Leech as CEO for its Europe Middle East and Africa (EMEA) region.
US - The Pension Benefit Guaranty Corporation (PBGC) saw its annual deficit increase by 4.5% to $23bn in the year to September 30, up from $22bn the previous year.
ASIA - Threadneedle has appointed Raymundo Yu to the newly created position of Asia Pacific chairman.
BNY Mellon Asset Management has launched the Evolution Global Strategic Bond Fund.
Hitachi Consulting has appointed JLT Benefit Solutions to manage its employee benefits on the consultant's BenPal platform.
Long-term low interest rates are damaging pensions and will cause another financial crash, Ros Altmann warns.
US - The California Public Employees' Retirement System (CalPERS) has bought the rights to portfolio construction software to implement across its hedge fund and equity portfolios.