News
Industry
The state pension could be lifted to a £140 per week payment with no means testing, according to new proposals.
25 October 2010
•
Hungary
HUNGARY - Hungarian stocks dropped the most in the world, leading the benchmark BUX stock index to the steepest decline in more than two months on concern regarding the government's pension plans, a trader said.
22 October 2010
•
United Kingdom
UK - The shift to CPI indexation could cut scheme liabilities by 3% but may not result in a one-off profit windfall for firms, an accounting task force has proposed.
22 October 2010
•
US
US - The US Government is to update the definition of "fiduciary" to cover any person who provides investment advice to plans for a fee.
22 October 2010
•
US
US - The US Department of Labor has sued four investment companies for losing hundreds of millions of dollars through investments with convicted fraudster Bernard Madoff.
22 October 2010
•
Defined Benefit
Sausage skin manufacturer Devro has reached an agreement with its scheme members to wipe 8% off its liabilities, it announced today.
22 October 2010
•
Appointments
Dalriada Trustees has enlisted Andrew Mitchell as its latest independent trustee.
22 October 2010
•
Global
GLOBAL - World population growth, climate change and other issues are transforming sustainability into a key issue for institutional investors, research by State Street Global Advisors (SSgA) suggests.
22 October 2010
•
Investment
State Street Global Advisors is to acquire Bank of Ireland Asset Management in a €57m (£50m) deal.
22 October 2010
•
Press
BT buoyed by ruling on pension scheme; Spending review: state pension delay will cost taxpayer £8bn; Anger at 'unfair' pension change for women
22 October 2010
•
