News

US - The funding pressures felt by US plan sponsors as a result of low interest rates will likely continue until at least late 2011 on the back of the next round of quantitative easing, Mercer said.

UK - The 6,653 schemes monitored by the Pension Protection Fund reported a surplus of £13.5bn ($21.8bn) at the end of last month, figures show.

US - United Parcel Service has issued $1.5bn in bonds to help fund contributions to its pension plan.

Lawrence Gosling asks if the latest departures will mark the end of the Gartmore name

The FSA may extend its rules on pension selling and advice to cover group personal pensions.

Mercer has re-hired former employee Paul Enderby from rivals Towers Watson as senior consultant.

Members of Ireland's largest political party Fianna Fail are threatening to resign the party whip and vote against the government if it cuts state pensions.

BBC defies NUJ over pension; No more talks about pensions, says Thompson

AUSTRALIA - Almost two thirds of Australian workers believe plans to increase the Superannuation Guarantee (SG) should be implemented sooner than the government intends, research suggests.

Costain has transferred its interest in six private finance initiative investments to the company pension scheme, wiping £22m off its deficit, results reveal.