News

Beleaguered RBS is to pay out a pension even larger than Sir Fred Goodwin's controversial £12.3m retirement pot.

AUSTRALASIA - The median Australian superannuation growth fund was up 20.4% in the year ending February while the New Zealand Superannuation fund was up 17.4% from the start of its fiscal year in July.

UK/GLOBAL - The Universities Superannuation Scheme (USS) decided to sell its stake in Océ to Canon after the Enterprise Chamber of the Amsterdam Court of Appeals rejected the pension fund's request to investigate Canon's tender offer to buy Océ.

EUROPE - The European Parliament economic and monetary affairs committee (EP) reached a compromise agreement on the scope of the Alternative Investment Fund Managers (AIFM) directive that could allow non EU-domiciled funds to be marketed in Europe.

The Universities Superannuation Scheme has decided to sell its stake in Océ to Canon after the Enterprise Chamber of the Amsterdam Court of Appeals rejected the pension fund's request to investigate Canon's tender offer to buy Océ.

Why government should issue longevity bonds; Callers swamp pension helpline

The Local Authority Pension Fund Forum has called for "greater openness and accountability" in company audit reporting.

Pension transfer times have failed to improve, despite growing use of the Association of British Insurers' Options initiative.

Pensions minister Angela Eagle has backed the concept of early access to pension pots but says the process could be fraught with difficulties.

Government moves to overhaul the section 75 debt regime have fallen short of industry expectations and have been branded a disappointment by employers.