The EMAP Earnings Related Pension Plan has been wound up two years after its liabilities were bought out with Paternoster.
UK - The longevity swap market could reach £20bn (US$28bn) this year as schemes look towards cheaper DIY options to reduce risk.
The longevity swap market could reach £20bn this year as schemes look towards cheaper DIY options to reduce risk.
Trustees must remain vigilant against sponsor insolvencies as the number of firms going bankrupt often spikes as economies recover, PricewaterhouseCoopers says.
UK/US - Two US investment management firms have decided to launch target date funds in an assault on the UK DC market, Global Pensions has learned.
Two US investment management firms have decided to launch target date funds in an assault on the UK DC market, Professional Pensions has learned.
UK - Pension and benefits consultancy Xafinity has been bought by private equity shop Advent International from Duke Street for an undisclosed sum.
Xafinity has been bought by Advent International from Duke Street for an undisclosed sum.
GLOBAL - Worldwide investment fund assets increased 6.2% in the third quarter of 2009, reaching €15.3trn (US$21.5trn) at the end of September 2009, latest figures from the European Fund and Asset Management Association (EFAMA) have revealed.
ITALY - Italian pensions watchdog Commissione di Vigilanza sui Fondi Pensione (Covip) has called for a "modernisation" of the rules regulating the investments pension funds are allowed to make.