News

UK - British Telecom is to challenge Ofcom's decision not to take into account its scheme deficit when setting its regulated charges.

British Telecom is to challenge Ofcom's decision not to take into account its scheme deficit when setting its regulated charges.

US - The Florida Retirement System (FRS) Pension Fund posted a 14.03% return for the year to June 30, recording its greatest return over benchmark for the last 25 years.

Improvements in the open market option process could help pensioners gain £3.3bn in extra income by 2030 according to research by the Pensions Income Choice Association (PICA).

GLOBAL - Low liquidity levels in the fixed income markets have led investment grade and high yield exchange traded funds to rack up higher-than-expected tracking errors and lower performance, asset manager Robeco said.

UKRAINE - Ukraine has agreed to make tough changes to its pensions system as part of a deal to qualify for loans worth $15.15bn from the International Monetary Fund (IMF).

ARGENTINA - The Argentinean government has announced an increase in pension payments to retirees of 16.9%, the second rise this year.

Council staff face later retirement to fill £40bn pension fund black hole; Carry on working past 65 as Default Retirement Age to be scrapped in 2011; State pension is not enough to live on, minister admits

Current Local Government Pension Scheme funding levels cover only three-quarters of its future liabilities, an Audit Commission report reveals.

The Macmillan Cancer Support pension scheme has appointed Mn Services as its fiduciary manager, to advise the trustees on their investment strategy.