News

Steve Bee is to begin working on a new adviser-focused pension proposition in the new year.

Telent - the former Marconi telecoms group owned by Pension Corporation - has agreed a 15-year funding plan with trustees in a bid to shore up its pension scheme.

US - The median corporate and public pension funds posted positive returns in the third quarter, with results of 12.1% and 11.7%, respectively, according to data compiled by Mercer.

AUSTRALIA - Increasing the superannuation guarantee (SG) from the mandatory 9% to 12% will reduce the payments under the age pension, a government pension payment, by 2.3%, a report by AMP and NATSEM has claimed.

UK/NETHERLANDS - The ING Group is continuing its corporate restructuring, started in October 2006, with the full separation of the banking and the insurance unit, including its asset management unit, said ING Investment Management's (ING IM) new Europe...

UK - Three quarters of defined benefit pension plans are now more likely to halt future accrual than they were 12 months ago, the Hewitt Global Pension Risk Survey 2009 revealed.

EUROPE - Pension funds are seeking out agricultural and commodity-related assets that offer diversification from traditional asset classes and superior returns to listed equities.

High-earners facing a triple tax on their pension savings should consider using an employer financed retirements benefit scheme to save money, Barnett Waddingham says

Trustees responsible for defined benefit schemes entering the Pension Protection Fund assessment period must not neglect their defined contribution duties, Xafinity says.

Friends Provident has appointed Dominic Fryer as strategy and risk manager in its corporate team.