News

UK - Telent - the former Marconi telecoms group owned by Pension Corporation - has agreed a 15-year funding plan with trustees in a bid to shore up its pension scheme.

Low governance levels among companies could lead to the next financial crisis, Treasury financial services secretary Paul Myners says.

Trustees should focus their attention on the key equalisation issue rather than dwell on the ruling of the Foster Wheeler case, Hammonds says.

The next government must drastically simplify pensions legislation to enable the development of shared-risk schemes as a logical alternative to defined benefit, Mercer says.

Truell deal over Telent scheme; Pensions regulator to act on governance; Bank's staff pension fund switched from gilts to bonds

Hewitt Associates has expanded its UK investment consulting team with the appointments of Laun Middleton and David Page.

BNP Paribas is due to launch a corporate self-invested personal pension administration service for a large insurer.

Steve Bee is to begin working on a new adviser-focused pension proposition in the new year.

Telent - the former Marconi telecoms group owned by Pension Corporation - has agreed a 15-year funding plan with trustees in a bid to shore up its pension scheme.

US - The median corporate and public pension funds posted positive returns in the third quarter, with results of 12.1% and 11.7%, respectively, according to data compiled by Mercer.