News

FRANCE - The Fonds de Réserve pour les Retraites has hired six managers to run a combined €1bn (US$1.5bn) in investment grade credit dominated in euros.

Alistair Darling's proposals to reform public sector pensions cover up a 45% hike in costs next year, independent pensions consultant Ros Altmann warns.

UK - Alistair Darling's proposals to reform public sector pensions cover up a 45% hike in costs next year, independent pensions consultant Ros Altmann warned.

The Pension Protection Fund took on three more schemes last month resulting in an additional 275 people becoming eligible for compensation from the fund.

The Association of British Insurers is set to tackle the issue of at-retirement apathy with the launch of updated "wake up" packs for savers approaching retirement.

Overall investment manager search activity increased in the UK during the first nine months of the year, Mercer says.

UK - Overall investment manager search activity increased in the UK during the first nine months of the year in a sign activity is returning to pre-credit crunch levels, Mercer said.

High earners see relief on pensions shrink; Pensions to cost more to public sector workers; Employers' pension bill rises to £46.1bn

The pensions ombudsman must abide by the same time limits imposed on the court system, the High Court has ruled.

The Pensions Regulator has highlighted the risks that transfer incentive exercises pose to members and will be putting them under greater scrutiny.