News

Buck Consultants has appointed Louise Brett to head up its communications practice.

Trustees of the Alliance UniChem UK Group Pension Scheme have insured £300m of liabilities with Pension Insurance Corporation.

Multinational companies are looking at innovative ways to redesign defined benefit schemes but will cut contributions by 10% in the process, Mercer research finds.

Almost 17 million people, just under half the working population of the UK, have never reviewed their pension plans, research from Baring Asset Management reveals.

US - California lawmakers approved two bills to prevent government employees from increasing the amount of their pensions by padding their pay before retirement.

UK/GLOBAL - J.P. Morgan Asset Management has hired Mike O'Brien, BlackRock's former head of institutional business for EMEA, as its global head of the institutional client group.

J.P. Morgan Asset Management has hired Mike O'Brien, former head of institutional for EMEA at BlackRock, as global head of its institutional client group.

CANADA/UK - Canada Pension Plan Investment Board and Onex Corp. have garnered sufficient shareholder support for their £2.89bn ($4.4bn) purchase of Tomkins Plc.

UK - Two-fifths of larger employers are considering levelling down pension provision when auto-enrolment comes into force, Association of Consulting Actuaries research finds.

US - Pennsylvania's Public School Employees' Retirement System posted a 14.59% investment return in the year ended June 30, adding $6bn in value to the value of the fund.