News

US - Pension funds are considering participating to the US Treasury toxic asset purchase plan along with asset managers and investors.

UK- Aon has announced plans to cut employer contributions to its UK pension by up to half as part of its plan to tackle the recession.

EUROPE/ MIDDLE EAST- Pyramis Global Advisors aims to tap directly into the UK, European and sovereign wealth market through the heavy marketing of a suite of long/short equity strategies the firm is rolling out.

The delayed impact of corporate failures on the funding of the Pension Protection Fund masks the real danger it faces, the Society of Pensions Consultants warns.

Employers can reap cost savings from pension salary sacrifice in under a year if the employee contributions are in excess of £500,000 per year, Watson Wyatt says.

The deficit of the aggregated pension funds of the FTSE100 has almost doubled from this time last year when measured on an "economic basis", Redington Partners says.

Widow who claimed husband's company pension told to repay £5; Pension safety net may lift levy; Pension issues could scupper media deals; No need for pension levy that adds to the pressure; Pension funds must support companies they invest in

Trustees are on the verge of perhaps the toughest period of their career, Trustee GAAPS warns.

US - All companies should adopt International Financial Reporting Standards (IFRS), an overwhelming majority of CFA Institute members have said.

US- Merrill Lynch agreed to pay US$75m to employees that invested in Merrill stock through their retirement plans.