News

FRANCE - The Fonds de Réserve pour les Retraites (FRR) has hired six firms to run a combined €4bn (US$5.9bn) in inflation-linked bond mandates.

UK - Trustees and sponsor companies should look at the company's defined benefit scheme as if it were a subsidiary of the sponsor company, Watson Wyatt head of settlement solutions Michael Chatterton said.

AUSTRALIA - Australian superannuation provider AMP will increase the pension contributions it pays for its employees to 12% from the mandatory 9% by 2014.

US - A US court has agreed to release documents Bank of America provided to Congress and investigators to plaintiffs that have brought a class action suit against the firm in regards to its acquisition of Merrill Lynch.

Asset liability models have a vital role to play in the investment decision making of pension fund managers, Lane Clark & Peacock says.

Companies should adopt proactive policies to keep employees in work for longer, as increasing longevity places pressure on schemes, delegates heard.

Companies under pressure from the economic environment are increasingly looking to outsource pensions administration to reduce costs, Mercer says.

Trustees and sponsor companies should look at the company's defined benefit scheme as if it were a subsidiary of the sponsor company, delegates heard.

Senior correspondent Giovanni Legorano speaks to Steve Delo former chairman of the Pensions Management Institute/Independent trustee, PAN Governance and Michael Chatterton, head of settlement solutions at Watson Wyatt

UK - The CDC Pensions Scheme has completed a £370m (US$621.6m) buy-in with Rothesay Life.