News

UK - Pensions buyout business in 2009 will match 2008 levels of around £8bn (US$11.3bn) in 2009, Lane Clark & Peacock (LCP) research reveals.

Including: US - New Jersey mulls deferred pension payments; NORWAY - Government to tap oil fund to beat recession; AUSTRALIA - Super funds hit by market turmoil

US - The California Public Employees' Retirement System (CalPERS) has appointed Anne Simpson as senior portfolio manager for corporate governance.

Corus is to close the defined benefit British Steel Pension Scheme to new members.

Moody's warns of downgrades as pension schemes take hit; Steel giant to axe 2,500 UK jobs; State pension 'hit by serious fall in value; Pension protection fund shortfall could reach £1bn; Pension scheme will be 'soft launched' to avert IT disaster; Global...

Law Debenture has appointed Philip Gillett, David Kidd and Eric Stobart to its pension trustee team.

Ratcliff Palfinger has appointed Alexander Forbes Financial Services to set up a group personal pension scheme for its 170 staff.

Schemes have increased life expectancy assumptions used for funding valuations by 11 months in reaction to regulatory pressure, Mercer says.

Kentucky Fried Chicken (GB) Pension Trust has hired RCM to manage a £17m global equity high alpha mandate.

GLOBAL - Henderson has confirmed talks with New Star Asset Management regarding a possible offer for acquisition.