News

The latest edition of the Pensions Review sees Terry Faulkner of Goldman Sachs and Hewitt's John Belg...

SWEDEN - Senior executives at pension manager AMF have given back their bonuses after a local paper reported the firm gave out over SEK1m (US$118,473).

About 10% of occupational pension schemes have concerns about the value for money their investment consultant provides, National Association of Pension Funds research reveals.

Two-thirds of companies are concerned about the consequences of auto-enrolment on their business, a PricewaterhouseCoopers survey shows.

Trustees and sponsors must take steps to amend scheme rules ahead of the introduction of the upper accrual limit on April 6, a lawyer says.

Trustee paternalism and conservative decision making has contributed to the demise of many defined benefit schemes and harmed members in the long term, a consultant says.

SWEDEN - Pensioners could see pension payments reduced by 4.4% next year due to stockmarket falls and declines in AP fund assets, a report by the Swedish Social Insurance Agency reveals.

UK - Schemes are not to blame for the economic crisis but should do more to improve corporate governance, experts claim.

Trustees are largely unaware of the potential conflicts of interest and risk involved with securities lending, a former governor of the International Corporate Governance Network has claimed.

CANADA - Machinists in Canada are calling for a national pension insurance scheme to protect workers from 'corporate pension irresponsibility'.