News

Curtis Arledge, former chief investment officer for BlackRock's fundamental index portfolio, will join BNY Mellon Asset Management as vice-chairman and chief executive.

Some 250 ex-employees of IBM are taking legal action against the company they claim "forced" them into early retirement to avoid taking massively reduced pension benefits.

Premier Foods aims to close its defined benefit pension schemes to new members by April, next year in a bid to tackle a £431m combined deficit.

HR Trustees has appointed Giles Payne as a director of the company.

GLOBAL - A growing number of multi-national companies are developing global pension committees and policies in order to gain a better grasp on their fund liabilities, says Mercer global chief retirement strategist Bruce Rigby.

Rise in spending on defined benefit pensions

Part-nationalised banking group Lloyds and its subsidiary HBOS recouped a combined £1.44bn through changes to pension arrangements this year.

UK - FTSE100 companies dramatically upped pension contributions last year to a record £17.5bn ($27.8bn), data from Lane Clark & Peacock reveals.

FTSE100 companies dramatically upped pension contributions last year to a record £17.5bn, data from LCP reveals.

US - Derivatives that pensions can use to dampen the long-term volatility of their US equities holdings have hit extremely high levels recently, after US legislation caused extreme supply/demand imbalances.