News

FTSE 100 pension schemes fall to record deficit; EU curbs on hedge funds 'could take £21bn a year out of pensions'; L&G fears for pension savings in EU reforms

Consultancy firm Redington has appointed Jeremy Lee as a vice-president in its investment consulting team.

The new-look www.professionalpensions.com launches today, supported by a new content management system, designed to make it easier for you to find your way around.

The new-look www.globalpensions.com launches today, supported by a new content management system, designed to make it easier for you to find your way around.

Only three FTSE100 companies - Cadbury, Diageo and Tesco - still offer defined benefit pension schemes to new employees, Lane Clark & Peacock research reveals.

GREECE - The cost of public pensions in Greece is estimated to rise by more than 20% of gross domestic product by 2050, according to the latest report by the Organisation for Economic Co-operation and Development (OECD).

EUROPE - The European Union Alternative Investment Fund Managers directive could cost Europe's pension fund industry up to €25bn (US$36bn) a year if implemented in its current form, the Alternative Investment Management Association (AIMA) claimed.

NETHERLANDS - The five-year recovery plans of Dutch pension schemes are estimated to shrink the country's future gross domestic product (GDP) by 0.75%, a report by De Nederlandsche Bank (DNB) said.

UK - Devon County Council Pension Fund has appointed managers to run two of the three mandates it tendered for in June.

UK - Unite is set to conduct a consultative ballot on industrial action over pay and pensions involving as many as 2000 of its Fujitsu members.