News

DENMARK - The Danish pension fund ATP has reduced its total CO2 emissions output by 7.4% or 202 tons from 2007 to 2008, according to its first climate report.

Potential loss of means-tested benefits for 5% of personal accounts savers is "unacceptable" but must not overshadow the positive aspects of auto-enrolment, B&CE Benefit Schemes says.

Retirement may be a swimming idea but very few of us will ever afford it; Costain may close final-salary pension

The Pension Protection Fund is set to become one of the largest pension schemes in the UK in the next five years, Hymans Robertson warns.

A row over the funding level of the EMI pension scheme has resulted in the replacement of trustee chairman Ian Smellie.

The Court of Appeal has overturned a tribunal decision that gave an unfair dismissal victim compensation for the loss of her defined benefit pension.

DENMARK - Pension manager ATP Group said it made a DKK4.3bn (US$825m) contribution in the first half of the year to cover the cost of increased life expectancy among Danes, three and a half times last year's provision.

NETHERLANDS - The National Federation of Christian Trade Unions in the Netherlands (CNV) continues to oppose the government's proposed pension age increase, refuting local media claims that it has stopped negotiations.

NEW ZEALAND - The Guardians of New Zealand Superannuation have fired Barclays Global Investors from a global large-cap active equities mandate.

GLOBAL - Pension funds could achieve greater investment diversification by incorporating insurance-linked instruments in their portfolios, Watson Wyatt said.