News

SPAIN - The Spanish congress eked through a freeze on state pensions for 2011 by only one vote as the country implements a package of emergency measures to tackle its deficit.

US - Blackstone Group LP, the world's biggest private-equity firm, is trying to mend relations with New York City's public pension funds after strategist Byron Wien said retiree benefits were "too generous."

KPMG has announced the appointment of Andrew Cawley as UK head of pensions with effect from July 1.

21st century welfare: one all-purpose benefit and a pension delay; Pension policy will wreck savings plans; Retirement age likely to reach 70

Sugar manufacturer Tate & Lyle will close its UK final salary pension scheme to future accrual from April, next year.

Mohamed Al Fayed decided to sell Harrods after the pension scheme trustee refused to clear a dividend payment, it emerged yesterday.

UK - Mohamed Al Fayed decided to sell Harrods after the pension scheme trustees refused to clear a dividend payment, it emerged yesterday.

Trustees would be failing in their primary role if they allow issues of ethics to cloud their investment decisions, Ian Greenwood says.

Trustees of the Renishaw Pension Fund have appointed Barnett Waddingham to administer its defined benefit corporate pension scheme.

The aggregate deficit of FTSE350 companies stood at £160bn at the end of Q1 despite positive asset returns, Mercer figures say.