News

Legal & General has reported a 7% fall in new business over the first nine months of the year.

Some 92% of defined benefit pension schemes believe sponsor failure is a potential problem for other schemes but not their own, research from HamishWilson reveals.

Workers at Fujitsu have voted overwhelmingly to take industrial action on jobs, pay and pensions, Unite says.

Friends Provident has unveiled a programme to encourage members to take a more active interest in their defined contribution scheme investments.

About £4bn worth of buyout, buy-in and longevity swap deals were struck during the third quarter of the year, Hymans Robertson analysis reveals.

IRELAND - Irish managed funds were down 2.8% in October, the first monthly decline since February, as the markets slumped on the back of investors' concerns over government stimulus measures, Hewitt Associates said.

US - The Pension Benefit Guaranty Corporation (PBGC) should streamline its process to determine the benefits of complex plans, as some determinations can take up to nine years, the Government Accountability Office said.

AUSTRALIA - The new chief executive of the Investment and Financial Services Association (IFSA) said the mandatory employer contribution rate should increase to 12% from 9%.

UK/US - BNY Mellon Asset Management has completed the acquisition of Insight Investment Management from Lloyds Banking Group.

UK - Schemes hedged liabilities of more than £11.4bn (US$18.6bn) during the third quarter of the year, analysis from F&C revealed.