News

Defined benefit pensions in the public sector are worth more as a share of the total remuneration package than they are in the private sector, research shows.

Voting on the final shortlist of Pendragon's ever-popular Art of Pensions competition has begun.

Pension transfer times significantly fell during the first three quarters of the year due to the Options initiative, data from the Association of British Insurers reveals.

Three pension schemes have been honoured by the Pensions Research Accountants Group for the quality of their summary reports to members.

BlackRock has completed its merger with Barclays Global Investors.

US - BlackRock has laid off 89 employees in San Francisco as a result of its merger with Barclays Global Investors (BGI), which the firm completed yesterday.

US - A group of AK Steel retirees will receive over US$51m as a compensation for having been paid less than the full accrued benefit due to them under the AK Steel Pension Plan.

SWEDEN - Insurer AMF has decided to grant an increase of interest payments to its defined contribution members from 8% to 12% following positive investment results.

US/JERSEY - State Street has entered into an agreement to acquire Jersey-based fund administrator Mourant International Finance Administration in a move the firm claimed will make it the largest alternatives asset servicing company in the world.

US - The New York State Common Retirement Fund (CRF) invested US$150m combined in private equity and absolute return strategies in October, according to the scheme's monthly transaction report.