News

The Treasury has "no interest" in changing the policy of restricting higher-rate tax relief on pension contributions for people with incomes over £150,000 from April 2011, the National Association of Pension Funds says.

Taking steps to de-risk company pensions at the end of 2007 could have reduced the FTSE100's combined pensions deficit to £15bn, Towers Perrin calculates.

Mercer has launched a delegated risk management service in a bid to help trustees address funding concerns and speed up decision making.

US - Auto supplier Delphi, a former unit of General Motors, will abandon its pension fund as it emerges from bankruptcy, according to the company's modified reorganization plan revealed yesterday.

Schemes and their providers have just over one week left to make nominations for The Pension Scheme of the Year Awards 2009.

Alexander Forbes International has sold its life and pension administration software arm, Chambers Townsend Consultancy, to its management in a bid to focus on core business activities.

US - A US federal court has sanctioned the Republic of Argentina for failing to comply with a previous court order to produce documents regarding its pension funds.

Trustees are far more interested in implanting a de-risking strategy than corporate sponsors, research from MetLife Assurance shows.

Pensions scheme buyout prices are increasing for both deferred and pensioner members, the latest Pension Capital Strategies buyout market watch report reveals.

US - The Indiana Treasurer is set to appeal the decision by the US Bankruptcy Court for the Southern District of New York which approved last night Chrysler's sale to Italian automaker Fiat.