News

The deficit of the aggregated pension funds of the FTSE100 has almost doubled from this time last year when measured on an "economic basis", Redington Partners says.

Widow who claimed husband's company pension told to repay £5; Pension safety net may lift levy; Pension issues could scupper media deals; No need for pension levy that adds to the pressure; Pension funds must support companies they invest in

Trustees are on the verge of perhaps the toughest period of their career, Trustee GAAPS warns.

US - All companies should adopt International Financial Reporting Standards (IFRS), an overwhelming majority of CFA Institute members have said.

US- Merrill Lynch agreed to pay US$75m to employees that invested in Merrill stock through their retirement plans.

GREECE - The European Court of Justice (ECJ) has ordered an end to earlier retirement for Greek women that work in the public sector and found the Greek system did not offer sufficient support for the personal advancement of women in the workplace.

SWITZERLAND - More than 40% of Swiss pension funds have a coverage ratio of 100% or higher, despite the effects of the global recession, according to the Office féderal des assurances sociales (OFAS).

NORWAY - The Government Pension Fund - Global, one of the largest pension funds in the world, has ruled out investing in high yield and emerging market bonds for the foreseeable future, a government reports indicates.

UK/US- THE Local Authority Pension Fund Forum (LAPPF), which represents local government pension schemes, has called on its members to oppose the remuneration report of US asset manager T. Rowe Price.

US - Legal action against custodians related to securities lending activities has intensified as a US law firm announced an investigation into the activities of Northern Trust Company (NTC) and Northern Trust Investments, N.A. (NTI), State Street Bank...