News

US - US pension funds expect investment returns to plummet over the next five years, research suggests.

THE Solicitors Regulatory Authority has intervened in the running of John Quarrell's Quarters Trustees, PP has learned.

Trustees of the new Royal Mail defined contribution plan have appointed Zurich to provide the scheme with investment and administration services.

DEFINED benefit pension schemes reached an aggregate deficit of £194.5bn in December 2008, figures from the Office for National Statistics reveal.

Civil servants will spend one third of life in retirement; Thousands stuck in property funds as Standard halts exits; Friends to demerge holding in F&C; Standard Life confident about year ahead; Pensioners cost of living increasing four times the official...

Standard Life's UK life and pensions sales plummeted 25% in the final three months of 2008 as the financial crisis gripped the nation.

Capita Hartshead has appointed Louise Harris as head of pensions communications in a bid to expand its business.

NETHERLANDS - Schemes are set to receive a refund of over €500m following a legal challenge against the Dutch tax authorities by the Strathclyde Pension Fund.

GLOBAL - Lyxor Asset Management has reported it ended 2008 with over €5bn (US$6.6bn) of assets under management in its European equity exchange traded fund (ETF) platform.

UK - Defined benefit pension schemes reached an aggregate deficit of £194.5bn (US$277.5bn) in December 2008, figures from the Office for National Statistics reveal.