News

More than half of employers support auto-enrolling employees into a workplace pension scheme, Department for Work and Pensions research has found.

US - The US Postal Service (USPS) could use at least $5.5bn in pension fund overpayments to address its financial concerns, according to a new audit.

CZECH REPUBLIC - Czech Finance Minister Miroslav Kalousek wants changes to the pension program, aimed at reducing the fiscal deficit and improving the country's credit rating, to take effect by 2012.

More than 1,000 BBC employees have signed a petition requesting a meeting with the scheme trustees over changes to the pension scheme.

US - The Missouri State Employees' Retirement System (MOSERS) returned 14.3% for the year ended June 30 with returns driven in part by strong performance in emerging markets.

Photography and broadcast equipment supplier Vitec has closed its defined benefit scheme to existing members.

One-in-ten UK adults have no plans to ever stop working, while 42% of workers cannot say when they plan to retire, Baring Asset Management says.

ASIA - Investors are underestimating the opportunities for Asian local currency bond markets, Legg Mason affiliate Western Asset Management believes.

UK - Public sector pension scheme liabilities are driving a national debt of £5trn ($7.7trn) and cannot be ignored, the Institute of Economic Affairs says.

Public sector pension scheme liabilities are driving a national debt of £5trn and cannot be ignored, the Institute of Economic Affairs says.