Two-thirds of companies would choose entirely contract-based pension arrangements over the occupational model if they had the chance to start over, Buck Consultants data reveals.
JLT Benefit Solutions has expanded its flexible benefits team with the appointment of Sarah Lardner.
CANADA - Quebec employment minister Sam Hamad has proposed legal measures to guarantee pension benefits to pensioners and workers whose schemes go bust as a result of the financial crisis.
US - The City of San Diego pension plan administrator has called for decisions to be taken for the long term and not as a result to short term market dislocations.
US- The largest US state pension funds lost a combined US$865.2bn in the past year as drops in the equity markets chipped away at their market values, estimates The Center for Retirement Research at Boston College.
US- Tony Kao has stepped into the role of chief investment officer at General Motors Asset Management, spokeswoman Julie Gibson confirmed.
THE search is now under way for the Pensions Personality of the Year 2009 - and once again we are asking you, our readers, to nominate candidates for the accolade.
EUROPE- Deutsche Bank plans to expand into the nascent Asian ETF business after strong European growth in its two-year old offerings.
UK - Merseyside Pension Fund has provided 50% of the £30m (US$43.5m) seed funding for the Nomura RAFI global all country equity fund.
Equitable Life victims face further delays; Man Group to sue all involved in Bernard Madoff scandal; Half of private equity profits stem from debt, study finds; $150bn withdrawn from hedge funds