News
Uncategorised
Equitable Life victims have started legal action against the government challenging the proposed compensation package.
16 April 2009
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Defined Benefit
The disparity between the official and FRS17 estimates of the MPs' pension scheme deficit is further proof public schemes should use corporate accounting rules, the Pensions Management Institute says.
16 April 2009
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Regulation
Employers no longer have to consult with employees when a group personal pension provider is switched, a lawyer says.
16 April 2009
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Defined Benefit
The Pension Protection Fund levy paid by companies could vary according to the geographical location of the sponsor, both within and outside the UK, PP has learned.
16 April 2009
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United Kingdom
UK - The Pension Protection Fund levy paid by companies could vary according to the geographical location of the sponsor, both within and outside the UK, Global Pensions has learned.
16 April 2009
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US
US - The funding levels of plans in the S&P 500 index have are saddled with pension deficits worth US$274.5bn, down from a surplus of nearly $95bn the prior year, a Wilshire Associates report reveals.
16 April 2009
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United Kingdom
US / UK - A class action case brought against Vodafone by investors including the Lothian pension fund, which was initially dismissed over jurisdictional issues, has been reopened by judges in New York.
16 April 2009
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Defined Contribution
Peter Renalls details the results of the Watson Wyatt/ Professional Pensions annual pensions survey
16 April 2009
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US
US - YRC Worldwide, a US-based trucking company, is finalising discussions with representatives of its defined benefit pension scheme to use its real estate as collateral, and suspend cash payments.
16 April 2009
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Sweden
SWEDEN - The Swedish AP3 fund has bought 50% of Swedish property manager Hemsö for SEK14.6bn (US$1.8bn).
16 April 2009
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