Trustees of the AA Pension Scheme have appointed Hewitt Associates to provide actuarial and investment consultancy services to the scheme.
UK - CSC UK is to close its £755m (US$1.2bn) defined benefit pension scheme to existing members.
IRELAND - Public sector pension liabilities will drain €157bn (US$235bn) from the Irish economy over the next 50 years, a report has warned.
US - Ronald Logue will retire from his position as State Street's chairman and chief executive next year and will be replaced by president and chief operating officer Jay Hooley.
AUSTRALIA - The Investment and Financial Services Association has called for stricter liquidity standards for investments held in superannuation funds.
EUROPE - Crédit Agricole S.A. and Société Générale today announced their new merged asset management firm will be called Amundi.
CSC UK is to close its £755m defined benefit pension scheme to existing members.
Millions of pensioners are paying too much tax, according to a National Audit Office report.
People must become more involved in their retirement provision ahead of significant changes to the pension landscape, a Pensions Policy Institute report warns.