News

UK - Companies have continued to increase contributions to DC schemes despite the recession, a survey by Mercer revealed.

UK/US - Local authority pension schemes could be losing out on £125m (US$198.9m) by failing to participate in US class action lawsuits, research by Goal Group revealed.

Credit Suisse Group AG, which sold its Japanese asset management unit in June, will offer alternative investments including private-equity funds to attract the nation's US$800bn in pension money.

Companies have continued to increase contributions to DC schemes despite the recession, a survey by Mercer reveals.

Veolia Environmental Services has hired Aon Consulting to administer its defined benefits pension schemes.

FTSE 100 companies are in danger of sleepwalking into reporting an unnecessary £26bn of pension liabilities in their accounts, Hewitt Associates warns.

Pirelli UK is set to close its defined benefit scheme to future accrual from January 1 next year due to a "dramatic" deterioration in the fund's finances.

Local authority pension schemes could be losing out on £125m by failing to participate in US class action lawsuits, research by Goal Group, reveals.

Minsters' pension pots have increased by 30% to £9m this year, the Liberal Democrats claim.

NETHERLANDS - The Dutch government will proceed with its plans to raise the pension age to 67, after advisory body SER failed to produce a unified proposal on ways to avoid the increase.