News

US- Jon Bauman has resigned as executive director of the Teachers' Retirement System of the State of Illinois one week after state pension reforms called for him to leave the fund in July.

UK- Insurance giant Aviva is to make staff across its UK operations contribute to their defined contribution pension fund for the first time.

The total FTSE350 pension deficit has ballooned from £163bn to £182bn in the first three months of the year, Hymans Robertson says.

Pension fund managers should only invest in companies where they are fully satisfied about the long-term potential for business, a report argues.

Scheme members who registered for enhanced protection face huge tax bills after signing up for death in service life assurance, a consultant warns.

Aon cuts pension payments; Aon seen as heralding pension plans future; Budget expected to disappoint savers; MPs' pension scheme has £230m gap; BP's Sutherland punished over Goodwin pension; RBS staff voice anger over bosses' blunders; Public sector must...

Raising Standards of Pension Administration has published information on its website designed to help trustees, pension managers and administrators to follow defined contribution best practice.

Zolfo Cooper has hired Andrew Comber as a director in its pensions advisory services team.

Aon has announced plans to cut employer contributions to its UK pension by up to half as part of its plan to tackle the recession.

IRELAND - Pension funds may be used to fund an ambitious range of infrastructure projects as part of the emergency budget unveiled by the Irish government, while public servants will be subject to higher pension contributions.