News

The Universities Superannuation Scheme has become a member of the Japan Engagement Consortium.

US - New York senator Charles Schumer has urged General Motors chief executive Fritz Henderson to reverse the decision to refer the pension plans of the Delphi Corporation's salaried retirees to the Pension Benefit Guaranty Corporation (PBGC).

The appeal judgment in "arguably the most important pensions case" of the decade has been released.

Art of Pensions 2009, the annual competition run by electronic information service provider Pendragon, is now open for entries.

The asset value of the BBC pension scheme has plunged to £6.5bn from £8.1bn last year, due to heavy losses on its equity holdings.

UK - The asset value of the BBC pension scheme has plunged to £6.5bn (US$10.5bn) from £8.1bn last year, due to heavy losses on its equity holdings.

ITALY/CHINA - Assicurazioni Generali has acquired a 30% stake of Chinese asset manager Guotai in a €100m (US$140m) deal that allows the Italian insurer to expand its reach into the Chinese pension market.

The Pensions Research Accountants Group has launched its 2009 summary reports awards.

People are opting to become trustees because they feel they could make a useful contribution to pension activities, University of East Anglia research reveals.

Proposed Solvency II implementation guidelines could significantly reduce annuity rates, consultants say.