News

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

The Pensions Trust has appointed Independent Transition Management to implement analysis software to identify any data errors and risks.

Updated 10.52am: The FTSE is falling in mid-morning trade after Chancellor George Osborne unveiled details of the coalition government's £6.2bn spending cuts.

FRANCE - France's Industry Minister Christian Estrosi said the government may raise the country's retirement age beyond 60 as part of a plan to stem the deficit in the nation's pay-as-you-go pension system.

GLOBAL - Mellon Transition Management managing director for Europe, the Middle East and Africa Tim Wilkinson has decided to leave the company to pursue other interests.

Mellon Transition Management managing director for Europe, the Middle East and Africa Tim Wilkinson has decided to leave the company to pursue other interests.

US - More than half of state pension funds are at risk of becoming insolvent in less than a decade and the resulting cost to the federal government could top the bailout of the US financial system, a new study said.

US - Democratic representatives and senators reached an agreement on a proposal to provide funding relief for pension plans and in some cases extend the smoothing period.

CHINA - China's national pension fund invested more than 15 billion yuan ($2.2 billion) to become Agricultural Bank of China's third-largest holder, paving the way for what may be the world's biggest initial public offering.

CANADA - The Canada Pension Plan has returned 14.9% for the year ending March 31 on the back of strong debt and equities gains.