News

UK - The Pension Protection Fund has approved a solution to equalising benefits for guaranteed minimum pensions.

DENMARK - Danish pension fund ATP has recouped most of its 2008 losses, but is freezing pensions at their 2009 levels next year.

Number of private sector workers in final salary pension plans at record low; Dutch-style pension system has lessons for UK; Findings relate to trustee-based occupational pensions

In a move that could spark a revolution in government IT procurement, the Personal Accounts Delivery Authority is to harness existing private sector technology to administer a new pension scheme.

The Pension Protection Fund has approved a solution to equalising benefits for guaranteed minimum pensions.

A national register of independent financial advisers willing to provide annuity advice for people with small pension pots should be created, a lobby group says.

Public sector pensions have recorded a surge in membership while numbers in private sector defined benefit schemes has declined, Office for National Statistics data shows.

US - Target date funds may suffer from conflicts of interest, excessive fees, and a lack of clarity about the composition of the funds, a Senate committee heard yesterday.

GLOBAL - Worldwide investment fund assets increased 5.4% to €14.39trn (US$21.2trn) at the end of the second quarter of 2009 due to strong inflows, data from the European Fund and Asset Management Association revealed.

New UK life and pensions business at Standard Life has fallen 23% for the first nine months of 2009, compared to the same period last year.