News

Life expectancy rises for over-65s; Pensioners call for £160-plus a week; Pension plans confuse millions near retirement

AUSTRALIA - The median superannuation growth fund was up 9.9% in the quarter ended September 30 on the back of strong domestic equity and real estate markets.

SWITZERLAND - Swiss pension funds are set to post an average growth in excess of 9% for the first three quarters of 2009, the latest Swiss institutional survey by Lusenti Partners revealed.

US - Defence contractor Lockheed Martin said yesterday it planned to contribute US$2.4bn to its pension funds through 2010.

UK - The Invensys Pension Scheme has appointed BNY Mellon to provide it with derivatives collateral management services.

GLOBAL - The take up of infrastructure by institutional investors is being compromised by high fees, Watson Wyatt said.

The state pension age must increase to 70 by 2015 to avoid drastic public sector spending cuts, a research body says.

The Invensys Pension Scheme has appointed BNY Mellon to provide it with derivatives collateral management services.

Aon Consulting has appointed Tracesmart Corporate as preferred supplier for proprietary existence and tracing services.

NAPF chairman Lindsay Tomlinson speaks to PP senior correspondent Giovanni Legorano about his goals for the organisation given the current situation of the UK pension industry.