News

The Pension Protection Fund is looking to diversify its portfolio with three mandates in new asset classes.

Insurance companies do not need to offer additional security in pension buy-in transactions, trustees believe.

BT cuts dividend and 15,000 jobs; BT could face £11bn pension fund deficit; Pension tax change under fire

BT is to make pension contributions of £525m a year for the next three years to reduce its £2.9bn deficit, preliminary results reveal.

GLOBAL - Traditional retirement frameworks do not consider the scheme portfolio's ability to generate sustainable income levels, an investment adviser has claimed.

US - New York City comptroller William Thompson has urged the Securities and Exchange Commission to increase transparency and public confidence in the investment activities of all public pension funds.

Trustees must be "extra careful" about how much they pay for longevity swaps, Trustee GAAPS says.

UK - Trustees must be "extra careful" about how much they pay for longevity swaps, Trustee GAAPS says.

CANADA - The Caisse de dépôt et placement du Québec is still a "solid" institution despite a C$40bn (US$34bn) loss in 2008, executives say.

Royal Mail's pension fund deficit has more than doubled to £6.8bn in the past 12 months in accounting terms, company results show.