News
United Kingdom
UK - Barclays has reported a one-off credit of £371m (US$620.1m) resulting from the closure of its UK final salary pension scheme to existing members.
10 November 2009
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US
US - The Employees Retirement System of the City of New Orleans (NOERS) has sued Warren Buffett's Berkshire Hathaway and Burlington Northern Santa Fe (BNSF) alleging Berkshire's planned acquisition of BNSF discriminated other investors.
10 November 2009
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Regulation
UK - The High Court has ruled trustees cannot rely on the safety net afforded by the Pension Protection Fund when taking decisions.
10 November 2009
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Defined Benefit
Barclays has reported a one-off credit of £371m resulting from the closure of its UK final salary pension scheme to existing members.
10 November 2009
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Defined Contribution
About 1.8 million people are set to request to work after traditional retirement ages over the course of the next decade, Prudential research shows.
10 November 2009
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Investment
The aggregate funding position of the 7400 defined benefit funds monitored by the Pension Protection Fund improved to a deficit of £97.6bn this month.
10 November 2009
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Regulation
The High Court has ruled trustees cannot rely on the safety net afforded by the Pension Protection Fund when taking decisions.
10 November 2009
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Netherlands
NETHERLANDS - The country's three pension funds groups and the insurance association have criticised the government objective to improve pension funds' deficits by increasing the retirement age from 65 to 67.
09 November 2009
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US
US - State Street Corp. said on Friday it added another US$250m into its legal reserve and entered into an $89.8m proposed settlement of a class action suit regarding strategies run by State Street Global Advisors.
09 November 2009
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