News

Increasing governments scrutiny on corporate governance will exert growing pressure on pension schemes to become more engaged as shareholders, a Watson Wyatt survey claims.

The Equitable Members Action Group has been given leave to challenge the government in the High Court for failing to provide a proper compensation scheme for people who lost money in Equitable Life.

The CBI has called for an eight point action plan to be implemented in a bid to protect struggling firms from being damaged further by defined benefit pension schemes.

Prudential UK has enhanced its defined contribution systems platform in a bid to improve its service to advisers.

CBI calls for swift action on pensions; Pensions burden 'holding back British business'; Employees set to work longer as recession bites

Takeover talks between Pension Corporation and Paternoster came to a halt last Friday after a disagreement over price.

EUROPE - UCITS funds posted a net inflow of €22bn (US$30.6bn) for the first quarter of 2009 after six consecutive quarters of outflows, data by the European Fund and Asset Management Association (EFAMA) reveals.

Workers over 50 fear their retirement incomes will be "decimated" by the recession and that they may be forced out of work due to their age, research by Help the Aged and Age Concern reveals.

UK - The Confederation of British Industries (CBI) has called for an eight point action plan to be implemented in a bid to protect struggling firms from being damaged further by defined benefit pension schemes.

UK businesses have a "severe competitive disadvantage" compared with those in Europe due to weaknesses in the private and state pensions system, an Aon Consultants report reveals.