News

Alliance Boots is set to close its UK defined benefit scheme to future accrual for active members.

US - A US appeals court has granted the New York City Employees' Retirement System (NYCERS) the right to sue Apple's Steve Jobs and other key managers again after a court dismissed a suit over losses allegedly related to the company's stock option plan....

US/UK - Target date funds have proved to be the best default option for US defined contribution plans, Harvard college professor David Laibson has claimed.

CHILE - Chilean pension regulator Superintendencia de Pensiones has limited schemes' currency hedging to 50% of the value of their exposure to foreign assets.

SWITZERLAND - The funding levels of Swiss pension funds continued to recover in the last three months of 2009 as the stock market rally refused to fizzle, a survey showed.

The Pensions Regulator formerly exercised its powers in almost 800 active cases over a period of six months last year.

Members of the public who donate to charities with a deficit in their pension scheme could be "pouring their money down a black hole", a lawyer warns.

HR Trustees has promoted Graham Withers to head of operations.

The "administrative nightmare" of auto-enrolment into National Employment Savings Trust will divert necessary attention from the scheme's investment strategy, the Pensions Institute warns.

UK - The "administrative nightmare" of auto-enrolment into National Employment Savings Trust will divert necessary attention from the scheme's investment strategy, the Pensions Institute warned.