News

Pension schemes should be given greater attention during a pre-pack insolvency, Pension Corporation warns.

Mölnlycke Health Care has launched online total reward statements and pension salary exchange in the UK in conjunction with Thomsons Online Benefits.

NETHERLANDS - The average funding level of Dutch pension funds has reached 100% due to recent rallies in the international financial markets, data by Mercer Netherlands reveal.

A cap on annual contributions might be a more equitable way of reducing the percentage of tax that benefits the highest earners, an influential House of Commons committee says.

The US investors leading a class action lawsuit against the Royal Bank of Scotland will ask the courts to allow UK and other European investors to participate in the suit.

US - Corporate pension plans with assets in excess of $1bn posted a median performance of -7.09% for the first quarter of 2009, according to the latest Wilshire Trust Universe Comparison Service.

Trustees of the UPM-Kymmene UK Pension Scheme has appointed Buck Consultants to provide actuarial, consulting and investment consulting services.

The first longevity swap deal involving a UK pension scheme is imminent and the market could reach £1bn this year alone.

Employers would offer middle-way pension schemes with contributions of 10% or more if restrictive legislation was modified, the Association of Consulting Actuaries says.

US - The New York State comptroller Thomas DiNapoli has filed a suit against Aldus Equity Partners, its principals and others, in the latest development of alleged misdeeds at the New York pension funds.