News

BAE pays £500m to top up plunging pension pot; The Pensions Regulator warns over dividend payouts; Loss of pensions benefits would be the bigger blow

Companies with a proactive communications strategy will be better placed to minimise possible member distress over defined contribution asset falls, Fidelity says.

Defined contribution pension assets have lost 25% of their value, equating to £140bn since September 2007, Aon Consulting says.

BAE Systems will have to inject more than £500m into its pension schemes this year after its deficit ballooned to £4.2bn, company reports reveal.

US - Companies with diverse boards perform better than those that have members with similar ethnic, gender and skill sets profiles, a report by the California Public Employees' Retirement System (CalPERS) reveals.

Alexander Forbes Financial Services is set to make a "limited number" of support staff redundant following a downturn in the corporate pensions market.

ITALY - Employees will have the right to transfer contributions accumulated in a pension fund as well as future contributions, Italian pension watchdog COVIP has ruled.

ASSET management fees remained stable in 2008 but are likely to be under pressure in 2009, a report by Mercer says.

The Marathon Club - a collaboration of investment organisations, representing combined fund assets in excess of £170bn - has updated its practical guidance for trustees with a paper on long term responsible ownership.

Pension scheme trustees must not be shouldered with the blame for the credit crunch, Electricity Supply Pension Scheme chief executive Richard Barlow says.