News

US/UK - Target date funds have proved to be the best default option for US defined contribution plans, Harvard college professor David Laibson has claimed.

CHILE - Chilean pension regulator Superintendencia de Pensiones has limited schemes' currency hedging to 50% of the value of their exposure to foreign assets.

SWITZERLAND - The funding levels of Swiss pension funds continued to recover in the last three months of 2009 as the stock market rally refused to fizzle, a survey showed.

The Pensions Regulator formerly exercised its powers in almost 800 active cases over a period of six months last year.

Members of the public who donate to charities with a deficit in their pension scheme could be "pouring their money down a black hole", a lawyer warns.

HR Trustees has promoted Graham Withers to head of operations.

The "administrative nightmare" of auto-enrolment into National Employment Savings Trust will divert necessary attention from the scheme's investment strategy, the Pensions Institute warns.

UK - The "administrative nightmare" of auto-enrolment into National Employment Savings Trust will divert necessary attention from the scheme's investment strategy, the Pensions Institute warned.

The department for work and pensions finally shattered the collective defined contribution dream late last year when it announced it would be taking no further action on this widely-supported form of risk sharing.

Pitmans Trustees is the latest organisation to publicly criticise the effectiveness and merit of the default fund in defined contribution pensions.