News

UK - The Royal Mail pension scheme is straining under the pressure of a potentially record-breaking pensions deficit, the company said.

Fidelity International has hired Ominder Dhillon as head of distribution for its UK institutional business.

One in four employers have reduced their benefit costs by implementing a flexible benefits scheme, Mercer says.

Proposed general easement amendments to the employer debt regulations should introduce a clearance-type procedure in connection with corporate restructuring, Bluefin says.

Defined contribution schemes could see total assets in excess of £1trn by 2019, a report from Spence Johnson reveals.

UK - A ruling by the UK High Court yesterday has limited the occasions in which employer debts are triggered in a multi-employer scheme.

A ruling by the High Court yesterday has limited the occasions in which employer debts are triggered in a multi-employer scheme.

CANADA - The Ontario government has proposed a number of changes to the employment pension system in what could be the most far reaching reform in the last two decades.

IRELAND - Ireland is set to create a separate single pension scheme for all new entrants to the public service in a bid to reduce the state's pension bill, minister of finance Brian Lenihan said yesterday during the presentation of the 2010 Budget.

AUSTRALIA - Officials at the Australian Future Fund are in preliminary discussions with two Canadian pension plans about partnering up to acquire Australia's largest toll-road provider Transurban Group.