News

Pension trustees rattled by new rules; BA and Iberia merger set for take-off after deal on funding of £3.7bn pension deficit; Royal Mail under fire for £5bn pension scheme "bet"

Schroders has launched a specialist investment service for trustees of closed defined benefit schemes.

There continues to be "overwhelming rejection" of the BBC's pension proposal, despite a revised offer from the director general, trade unions say.

An influential group of UK pension funds have written to the Financial Reporting Council supporting the Stewardship Code for investors.

The National Employment Savings Trust could be retained despite a cull of over 177 quangos, a Cabinet Office document says.

The National Employment Savings Trust could be retained despite a cull of over 177 quangos, a leaked Cabinet Office document suggests.

IRELAND - Irish defined benefit plan sponsors face the strictest pension reserve requirements in Europe, a study by Hewitt Associates finds.

US - New York City's $36bn pension fund for civil-service employees fired a money management firm headed by former U.S. Securities and Exchange Commission chairman Richard Breeden, who was stung by losses on his investment in retail jeweler Zale Corp....

UK - Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.

NEW ZEALAND - The New Zealand Superannuation fund was down 1.37% in August due to declining global equity markets.