News

Self-invested personal pension and small self-administered scheme clients may need to re-examine any loans secured against taxable property following a clamp-down by HM Revenue & Customs.

Nine out of 10 companies intend to seek professional advice on the impact of pension reform, according to the Personal Accounts Delivery Authority.

IRELAND - The National Pensions Reserve Fund (NPRF) will receive €250m (US$340m) worth of Bank of Ireland (BoI) ordinary shares in lieu of a cash payment of this year's coupon.

GLOBAL - Global pension assets totalled US$29.5trn at year end 2009, up 14% from the previous year, according to a report by the International Financial Services London.

NETHERLANDS - Stichting Pensioenfonds ABP chairman Ed Nijpels has resigned due to his involvement in the investigation over the collapse of DSB bank last year.

The Pensions Regulator has filed a £2.1bn claim in a Canadian court against Nortel Networks.

Mercer has launched a pension buyout index in anticipation of escalating demand for de-risking products this year.

UK - Mercer has launched a pension buyout index in anticipation of escalating demand for de-risking products this year.

The time limit on claiming higher rate tax relief on pension allowances is set to be cut from six to four years from April 6, Standard Life warns.

UK pension funds recorded their highest returns for four years in 2009, International Financial Services London research reveals.