News

AUSTRALIA - Today's Australian workers can actually expect a higher future retirement income than they could six months earlier, despite record investment losses at the country's superannuation funds.

SINGAPORE - Martin Currie Investment Management will open an office in Singapore, as the company continues to expand its presence in the Asian region.

Pensioner poverty in the UK is the fourth highest in Europe and must be urgently addressed by the government, a charity says.

Trustee body attacks IAS19; Pension investors fail to get the message; A new twist for pension buyout market

Watson Wyatt has hired Sarah Green as an investment consultant working in its growing implementation team.

Lloyds Banking Group could potentially close its final salary pension scheme to existing employees, as it reviews its total rewards package.

GLOBAL - Brazil has the worst pension savings record, with 84% of people not holding any pensions savings, according to a survey of 15 countries by Datamonitor.

CANADA - The federal government amended the pension funding rules for cash-strapped Air Canada to allow for a 21-month pension funding moratorium, the company said.

Balanced pooled funds achieved a positive return of 6.9% in the second quarter of 2009, latest pooled pension fund survey results from BNY Mellon Asset Servicing reveal.

The Marathon Club has called for an industry dialogue to stem the "increased and unnecessary" threat of defined benefit scheme closure or disruption created by current accounting standards.