News

High earners see relief on pensions shrink; Pensions to cost more to public sector workers; Employers' pension bill rises to £46.1bn

The pensions ombudsman must abide by the same time limits imposed on the court system, the High Court has ruled.

The Pensions Regulator has highlighted the risks that transfer incentive exercises pose to members and will be putting them under greater scrutiny.

Planned gilt sales are set to rise by £5.2bn to £225.1bn during the 2009-10 financial year, the Debt Management Office says.

Dublin-based IFG has agreed to buy Santander's SIPP and wrap arm, James Hay, in a £35m deal.

CANADA - The opposition Liberal party has called for the government to launch a supplementary pension plan aimed at encouraging Canadians to save more for retirement.

US - CalPERS' real estate assets are down nearly 50% over the past year and the pension fund's review of its real estate managers is "well underway," a report by its real estate consultant said.

NETHERLANDS - Pensioenfonds Horeca & Catering (PH&C) has hired BNY Mellon as custodian for its €2.8bn (US$4.1bn) portfolio.

The Government's increase in taxation is a "complete distortion", Liberal Democrat Treasury spokesman Vince Cable says.

US/UK - Legg Mason star stock picker Bill Miller predicts the US equity market could return up to 25% next year and has positioned his Value portfolio to take advantage of growth in the technology and financial sectors, he said speaking at the London...