News

Total UK has launched total reward statements and voluntary benefits for 1100 of their UK-based employees.

CANADA - The C$27bn (US$9.76bn) Hospitals of Ontario Pension Plan (HOOPP) moved 20% of its fund out of equities in 2008, which, the fund claims, allowed it to limit its losses to -11.96%.

EUROPE- Jim Dilworth has resigned as Morgan Stanley Investment Management's head of Europe, Middle East and Africa division.

High-earners should consider transferring out of defined benefit schemes in order to reduce the risk of their employer becoming insolvent, Aon Consulting says.

UK - Legal & General has cut its final dividend by 50% to 2.05p per share, after it reported a operating loss of £189m.

SWEDEN- The Swedish government has banned all bonus payments to government owned institutions, including the country's pension buffer funds, the Ministry of Communications and Enterprise has confirmed.

UK - Significant rises in price levels are needed to stop negative inflation being used to calculate pension increases, Watson Wyatt calculates.

Sir Fred Goodwin's pension war to intensify as Sir Tom McKillop fights back; PIRC calls on investors to reject RBS pay plans; Council tax will not rise to meet public pension deficit

The Pensions Management Institute has elected Mike Sullivan as its new president.

Significant rises in price levels are needed to stop negative inflation being used to calculate pension increases, Watson Wyatt calculates.