The Nestlé UK Pension Fund is changing its defined benefit scheme from a final salary to career average.
UK - The Nestlé UK Pension Fund is changing its defined benefit scheme from a final salary to career average.
Retired expats have been denied millions in pension payments, following a European Court of Human Rights judgement today.
The expected charging structure for the National Employment Savings Trust has been announced by the government.
UK - The expected charging structure for the National Employment Savings Trust (NEST) has been announced by the UK government.
Equitable Life victims have rejected Sir John Chadwick's compensation review, calling it a ‘cover-up'.
UNITED ARAB EMIRATES - The Abu Dhabi Investment Authority (ADIA) said it returned 6.5% per annum for the past 20 years, providing its first peek into its investment operations since inception in 1976.
SOUTH AFRICA - Brian Molefe has resigned as chief executive officer of South Africa's Public Investment Corp., the continent's biggest pension fund manager, the company said.
Schemes looking to cut investment costs through the use of pooled funds actually face 30% higher annual manager fees, Lane Clark & Peacock warns.
UK - Schemes looking to cut investment costs through the use of pooled funds actually face 30% higher annual manager fees, Lane Clark & Peacock warned.