News

UK - Government restrictions on reclaiming tax on overseas equity dividends via unauthorised unit trusts will potentially harm many UK pension funds, Deloitte warned.

The London Pensions Fund Authority is calling for the creation of an independent commission on local government pension schemes.

Government restrictions on reclaiming tax on overseas equity dividends via unauthorised unit trusts will potentially harm many UK pension funds, Deloitte warns.

Pareto will be running a limited-attendance currency management seminar at the up-coming Professional Pensions Show in London.

UK - The increased deficit of the BAA defined benefit scheme has contributed to the airport operator's pre-tax losses of £784.7m (US$1.3bn), results showed.

NETHERLANDS - Stichting Pensioenfonds ABP chairman Ed Nijpels said he is ready to resign should the investigation on the collapse of DSB bank involve him.

US - Legislators have introduced a bill to provide funding relief of up to 15 years for single-employer pension funds and up to 30 years for multi-employer plans.

Kevin O'Neill and Samina Vernon have joined State Street Global Markets as vice-presidents in the transition management team, the firm said today.

The National Association of Pension Funds chairman has hit back at media reports which accused it of being "hopelessly conflicted" and deliberately not speaking out on companies' corporate governance.

CANADA - The Canadian government has proposed a package of pension reforms that will reduce volatility in defined benefit plan contributions and provide stricter standards for wound up schemes.