News

UK/GLOBAL - Any deal to sell Barclays Global Investors would lead to further industry consolidation, consultants say.

Any deal to sell Barclays Global Investors could lead to further industry consolidation, consultants say.

US - Private equity giant Carlyle will pay US$20m to the State of New York to resolve its role in the attorney general Andrew Cuomo ongoing investigation into corruption at the New York State Common Retirement Fund (NYSCRF).

US/Europe - The Public Employees Retirement System of Mississippi has been appointed as lead plaintiff in the class action against software provider Satyam Computer Services.

Fujitsu Services is set to close its final salary scheme to existing members.

The Pension Protection Fund is looking to diversify its portfolio with three mandates in new asset classes.

Insurance companies do not need to offer additional security in pension buy-in transactions, trustees believe.

BT cuts dividend and 15,000 jobs; BT could face £11bn pension fund deficit; Pension tax change under fire

BT is to make pension contributions of £525m a year for the next three years to reduce its £2.9bn deficit, preliminary results reveal.

GLOBAL - Traditional retirement frameworks do not consider the scheme portfolio's ability to generate sustainable income levels, an investment adviser has claimed.