News

Investment Solutions has launched a monthly index for small to medium schemes in a bid to demonstrate movements in deficits and highlight when funds can lock in gains.

US - Effective defined contribution (DC) plan design will be one of the most pressing issues for employers throughout 2009, according to Mercer.

Equitable Life policyholders to receive compensation; Barclays latest to wield the axe as staff are told that 2,000 more will have to go; Citigroup to break itself up; Liontrust plunges after key pair quits

UK - Compensation for Equitable Life policyholders is expected to be confirmed by the government tomorrow.

UK -Large retail sector defined benefit pension schemes are set to cause a substantial drain on company cash flow, a Pension Capital Strategies study reveals.

TRUSTEES must be flexible over pension schemes to give companies much needed financial flexibility, KPMG says.

JAPAN - Japanese defined benefit (DB) pension funds are struggling to preserve strong funding ratios, despite having entered the third quarter of 2008 in a relatively strong position, a Greenwich Associates' study has found.

US - Employment-related class action lawsuits look set to increase over the course of the year as a consequence of the recession, while 2008 payouts exceeded US$17bn, according to a report by law firm Seyfarth Shaw.

US - The pension relief bill President George Bush signed in December shaved some US$16bn off potential pension contributions for employers in 2009, but companies still face a staggering $108bn in likely pay-outs, a Watson Wyatt report finds.

US - The Pension Benefit Guarantee Corporation (PBGC) will represent the US government in the event corporate pension plans face troubles caused by losses linked to Madoff's alleged fraud.