News

Nearly two-thirds of pension managers believe personal accounts will not go ahead in their current form.

Trustees need better access to company information in a bid to monitor covenants more effectively, a Hewitt poll reveals.

John Quarrell and his trustee firm Quarters Trustees have been struck off in a damning ruling from The Pensions Regulator's determinations panel.

CANADA - Railroad operator Canadian Pacific Railway plans to make a voluntary contribution of C$500m (US$477.34m) to its defined benefit plan, the firm said.

UK - The National Association of Pension Funds has called on the government to skew gilt issuance towards long-dated and index-linked gilts.

GERMANY - Deutsche Bank has set up a pension asset-pooling vehicle in Luxembourg aimed at its employees' pension assets and at other companies' funds.

US - California Public Employees' Retirement System board member Charles Valdes agreed to pay US$12,500 for accepting campaign contributions in excess of the legal limit for CalPERS board members.

Pension funds call for more long-dated gilts; BSkyB and Carphone to fight proposal on BT pension fund; £2000 public pension gap

Logica has confirmed it is set to close its final salary scheme to existing members as part of a restructure of its UK pension arrangements.

The National Association of Pension Funds has called on the government to skew gilt issuance towards long-dated and index-linked gilts.