News

The NEC Group is proposing closing its final salary pension scheme to future accrual, affecting just over 40% of the permanent workforce.

Pension fund assets rise 15pc to regain 2006 value; Pension blow for Readers Digest

Trustees and administrators have been told to increase the quality of their record keeping after just 19% of schemes measured up The Pensions Regulator's guidance standards.

US - Hedge fund managers have downplayed any negative effects the US government's plans to curb bank activities with hedge funds could have on pension fund investors, saying many of those cut adrift from banks could set themselves up independently.

IRELAND - Nearly two-thirds of plan sponsors offering a defined benefit scheme have had trouble funding their pension funds leading some to increase contributions, close schemes or implement hybrid plans, a new survey found.

Hewitt Associates has reported a doubling in the number of hedge fund manager searches during 2009 in comparison with the previous year.

GLOBAL - Hewitt Associates has reported a doubling in the number of hedge fund manager searches during 2009 in comparison with the previous year.

Institutional pension fund assets in the 13 major markets increased by 15% during 2009, from US$20trn (£12.6trn) to over US$23trn (£14.5trn), latest Towers Watson research reveals.

GLOBAL - Institutional pension fund assets in the 13 major markets increased by 15% during 2009, from US$20trn to over US$23trn, latest Towers Watson research has revealed.

The strongest companies could see their Pension Protection Fund levy triple because of uncertainty around how their failure scores are calculated, Mercer warns.