News

Notebook: All aboard Europe's caviar express; MEPs try to block second pension reforms

Trustees and sponsors must recognise the limitations of accounting and actuarial information related to pensions, the Financial Reporting Council says

Companies with large pension schemes and significant exposure to equities will be hardest hit by potential changes to accounting standard IAS19, Lane Clark & Peacock warns.

EUROPE - Up to 65 members of the European Parliament (MEPs) are set to take legal action to block the reforms on the Additional Voluntary Pension Scheme for MEPs recently adopted by the European Parliament (EP) Bureau.

ITALY/EUROPE - The European Commission could begin legal proceedings against Italy because of the country's failure to equalise the retirement age of men and women.

US low-cost passive investment giant Vanguard is launching its first 11 funds into the UK market this month.

CVC Capital Partners has decided not to make a counter-bid for Barclays Global Investors - a move which clears the way for the fund management firm's acquisition by BlackRock.

Despite the recession most organisations are unlikely to reduce contributions or change the investment strategy for their pension plans, a global Mercer survey reveals.

Savings study points to low wage setback; CBI warns on public sector pension costs

Over two-thirds of financial professionals believe that markets behave irrationally, a CFA Society of the UK survey reveals.