News

The National Association of Pension Funds has appointed the current head of pensions at HM Treasury as its new director of policy.

LDI focus pays off for ICI Pension Fund; PwC to axe final salary pensions; Pension Protection Fund beefs up longevity data; Chambers chief fears new pension rules could cost jobs

ASIA/UK - City Financial has launched an Asia fund of hedge funds aimed at pension funds and other institutional investors.

The complex web of regulations governing the 2012 pension reform package poses a threat to businesses and the creation of new jobs, the British Chambers of Commerce warns.

Concerns over a potential attack on workers' pensions at the Teeside Cast Products manufacturing plant are "very, very premature", a regional union representative says.

PricewaterhouseCoopers is to close its two defined benefit pension schemes to future accrual from next April.

Equitable Life has urged the government to honour the Parliamentary Ombudsman's recommendation to make fair payments to policyholders.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

US - The return assumption for the New York State Common Retirement Fund (CRF) has been lowered by half a percentage point to 7.5% leading to higher contribution rates for state employers.

UK - Pension liabilities for UK private sector final salary pension schemes reached £1.2trn ($1.8trn) in August.