News

CANADA ­- Canadian pension fund returns have surged following a strong performance in the third quarter.

UK - Nine-tenths of trustees and sponsors believe deficits will increase at their next valuation, latest Hewitt research revealed.

CHINA - The Asian Development Bank (ADB) has provided a US$500,000 grant to the People's Republic of China to help the country establish a rural pension system.

More than four out of 10 UK employers now give staff some form of choice in the benefits they receive, a Mercer statistics show.

High profile pension lawyer John Quarrell has lashed out at the financial regulators which shut down his company - accusing them of victimisation and underhanded behaviour.

There are signs the government is meeting some of the challenges facing the pensions industry, the Confederation of British Industry says.

Nine-tenths of trustees and sponsors believe deficits will increase at their next valuation, latest Hewitt research reveals.

Life expectancy rises for over-65s; Pensioners call for £160-plus a week; Pension plans confuse millions near retirement

AUSTRALIA - The median superannuation growth fund was up 9.9% in the quarter ended September 30 on the back of strong domestic equity and real estate markets.

SWITZERLAND - Swiss pension funds are set to post an average growth in excess of 9% for the first three quarters of 2009, the latest Swiss institutional survey by Lusenti Partners revealed.