News

Some 60% of companies have responded to the downturn by freezing salary levels in the past year, Hewitt New Bridge Street research shows.

The Personal Accounts Delivery Authority is set to launch a myth busting programme to explain how the national pension saving scheme will work from 2012.

Nearly half of employers with defined benefit schemes still open to active members think they will close them to future accrual within three years, Watson Wyatt research reveals.

Pension fund that dropped £8bn pays £1.8m in bonuses; Insurers sense that pain may come from Solvency II

Union Unite has warned of a "pensions backlash" from thousands of IBM employees over plans to close its final salary pension schemes to future accrual.

US - The Teachers' Retirement System of the State of Illinois (TRS) placed Barclays Global Investors (BGI) on watch for poor performance on a US$593m enhanced equity brief, according to a statement by TRS.

NORWAY - Norway's Government Pension Fund - Global gained NOK309bn (US$51.3bn) in the second quarter, a record gain for the scheme, the Norwegian central bank said today. The pension fund also said it expanded its environmental focus to include water-related...

UK - Personal accounts will complement and not replace existing provision, chief executive of the Personal Accounts Delivery Authority Tim Jones said.

EUROPE - Belief among credit investors in Europe that the worst market disruption is over has surged over the second quarter, according to research from Fitch Ratings.

NETHERLANDS/SWITZERLAND - Dutch and Swiss schemes have shown renewed interest in commodities, MandateWire reported.