News

SWITZERLAND - More than three-quarters of Swiss pension funds made losses during 2008 - pushing average coverage ratios below 95%, according to Swisscanto.

US- Car maker General Motors saw its US pension funding level fall to 87% at the end of 2008 from 124% the previous year, according to a restructuring plan issued to the US government this week.

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

In the second our series of fortnightly interviews with scheme managers, JENNA TOWLER talks to Electricity Supply Pension Scheme chief executive RICHARD BARLOW about the role of trustees in the credit crunch and the detrimental effect of regulation on...

THE Pension Protection Fund (PPF) has appointed former Noriwch Union director David Heslop as its chief operating officer.

UK - The Pension Protection Fund (PPF) has appointed former Noriwch Union director David Heslop as its chief operating officer.

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.

UK - 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.

Watchdog rules pensions come before dividends; L&G doubles defaults cover; Pension liabilities can break deals; European investment funds slump; Tax clampdown on flexible pensions

More than 62% of employers do not offer their staff any kind of flexible benefits package, the first Vebnet Reward Survey reveals.