News

The ITN Pension Scheme has seen a significant deficit increase and could require funding contributions in excess of its sponsor's expected cash resources.

Sensitive data of 109,000 Pensions Trust members contained in a laptop stolen from software provider NorthgateArinso was unencrypted, PP has learned.

A laptop containing the unencrypted personal data of 109,000 Pensions Trust members has been stolen from software provider NorthgateArinso.

Schemes invested in risk assets are set to benefit from a strong period of performance, UBS Global Asset Management says.

Aviva Life could offer third party annuity products next to its own range for investors with small pension pots.

Jardine Lloyd Thompson Private Clients has launched a range of services in a bid to help identify Budget tax change issues.

State Street Global Markets has appointed Rick Boomgaardt as head of its transition management desk for Europe.

Three-quarters of scheme managers believe Budget proposals to restrict higher-rate tax relief on pension contributions for people with incomes over £150,000 from April 2011 will have negative consequences for occupational schemes.

GERMANY - Automotive supplier Magna International denies media reports saying it has asked the German government to bear the burden of the pension fund of takeover target Opel, a General Motors subsidiary.

A lifetime annuity or trivial commutation is likely to be the most appropriate decumulation option for personal accounts members, PADA says.