News

There is an emerging case for pension schemes not having lay trustees at all, trustee champion Brian Holden says.

Pension managers are split over whether schemes need an alternative to the service level agreements currently used by the vast majority of funds to measure the performance of their administrators.

Pension scheme administrators are under pressure to do more for lower fees, Hewitt Associates says.

UK - Pension scheme administrators are under pressure to do more for lower fees, Hewitt Associates said.

Proposals to amend accountancy standard IAS19 could cut the earnings of UK firms by as much as £10bn, accountants and actuaries warn.

GLOBAL - The International Accounting Standards Board has published an exposure draft of proposed amendments to IAS19, dealing with how pension costs are recorded in company accounts.

The International Accounting Standards Board has published an exposure draft of proposed amendments to IAS19, dealing with how pension costs are recorded in company accounts.

Scottish Widows has launched a corporate wrap, allowing employees to track both workplace benefits and their personal finances.

NETHERLANDS - Dutch transport workers scheme Pensioenfonds Vervoer has terminated a €7bn (US$9.3bn) fiduciary management mandate with Goldman Sachs Asset Management (GSAM).

ITALY - Italian pension fund service provider PensPlan Centrum posted a 13% profit for 2009 on the back of equity gains.