News
United Kingdom
UK - More than a third of FTSE100 firms cannot plug their pension scheme deficits using current discretionary cash flow, KPMG warns.
31 August 2010
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Japan
JAPAN - Japan's $1.4trn Government Pension Investment Fund (GPIF) returned -2.94% in the quarter ended June 30, equating to a loss of $42bn in assets.
31 August 2010
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Industry
Royal London Group lost £2m in the first half of 2010, compared with an £18m profit last year.
31 August 2010
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US
US/EUROPE - Pension funds from Europe and the US have been given the go-ahead to proceed with a securities fraud lawsuit against Bank of America and Merrill Lynch.
31 August 2010
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Defined Benefit
Government should look to use public-private partnerships to address taxpayer exposure to defined benefit longevity risk, Swiss Re says.
31 August 2010
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Defined Benefit
More than a third of FTSE100 firms cannot plug their pension scheme deficits using current discretionary cash flow, KPMG warns.
31 August 2010
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Press
Council pensions savings proposed; Tipping point: assets to overtake pension fund cash; Pay more for your pension, staff told
31 August 2010
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Industry
Two-fifths of larger employers are considering levelling down pension provision when auto-enrolment comes into force, Association of Consulting Actuaries research finds.
31 August 2010
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Legislation
The Local Government Pension Scheme should increase its retirement age to 66 and limit pensionable pay to £75,000 a year, the London Pensions Fund Authority says in its submission to the Public Service Pensions Commission.
31 August 2010
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United Kingdom
UK - The Local Government Pension Scheme (LGPS) should increase its retirement age to 66 and limit pensionable pay to £75,000 ($115,000) a year, the London Pensions Fund Authority (LPFA) said in its submission to the Public Service Pensions Commission....
31 August 2010
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