News

AUSTRALIA - Increasing the superannuation guarantee (SG) from the mandatory 9% to 12% will reduce the payments under the age pension, a government pension payment, by 2.3%, a report by AMP and NATSEM has claimed.

UK/NETHERLANDS - The ING Group is continuing its corporate restructuring, started in October 2006, with the full separation of the banking and the insurance unit, including its asset management unit, said ING Investment Management's (ING IM) new Europe...

UK - Three quarters of defined benefit pension plans are now more likely to halt future accrual than they were 12 months ago, the Hewitt Global Pension Risk Survey 2009 revealed.

EUROPE - Pension funds are seeking out agricultural and commodity-related assets that offer diversification from traditional asset classes and superior returns to listed equities.

High-earners facing a triple tax on their pension savings should consider using an employer financed retirements benefit scheme to save money, Barnett Waddingham says

Trustees responsible for defined benefit schemes entering the Pension Protection Fund assessment period must not neglect their defined contribution duties, Xafinity says.

Friends Provident has appointed Dominic Fryer as strategy and risk manager in its corporate team.

The Pensions Regulator has launched a campaign to foster good governance and administration, as well as better management of pension scheme risks.

Three quarters of defined benefit pension plans are now more likely to halt future accrual than they were 12 months ago, the Hewitt Global Pension Risk Survey 2009 reveals.

JAPAN - Japan Airlines Corp. President Haruka Nishimatsu proposed cutting retiree pensions by 30% to help return the carrier to profit, Bloomberg News reported.