US - Moody's Investors Services has downgraded the long-term credit ratings of the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) citing severe losses in assets.
The registration process for the UK Pensions Awards 2010 has now closed.
The Royal Mail pension scheme is straining under the pressure of a potentially record-breaking pensions deficit, the company says.
UK - The Royal Mail pension scheme is straining under the pressure of a potentially record-breaking pensions deficit, the company said.
Fidelity International has hired Ominder Dhillon as head of distribution for its UK institutional business.
One in four employers have reduced their benefit costs by implementing a flexible benefits scheme, Mercer says.
Proposed general easement amendments to the employer debt regulations should introduce a clearance-type procedure in connection with corporate restructuring, Bluefin says.
Defined contribution schemes could see total assets in excess of £1trn by 2019, a report from Spence Johnson reveals.
A ruling by the High Court yesterday has limited the occasions in which employer debts are triggered in a multi-employer scheme.
UK - A ruling by the UK High Court yesterday has limited the occasions in which employer debts are triggered in a multi-employer scheme.