News

NETHERLANDS - Dutch telco KPN will pump €390m (US$527.6m) into its pension fund over the next four years in a bid to restore solvency under the terms of its recovery plan.

UK- The Pension Protection Fund is considering raising its levy during periods of economic stability to offset lower payments during a recession, its new chief executive says.

Bank intervention creates pension pain; Pension protector; Pension scheme raises cap on compensation

Investment Solutions has hired Emma Jackson as a defined contribution customer relationship manager in a bid to expand its offering.

A company which helps trustees review actuarial advisers and investment consultants has been launched.

Any Financial Assistance Scheme improvements must be closely scrutinised in order to protect taxpayers, an actuary urges.

Buck Consultants is set to rebrand its healthcare business as Health & Productivity this month.

US - The unfunded liability of the Teachers' Pension and Annuity Fund in New Jersey (TPAF) has increased by £3bn to $15.09bn as of June 30 2008, according to its annual valuation report.

FRANCE- The Fonds de réserve pour les retraites (FRR) has doled out €1.1bn (US$1.5bn) in equity mandates to seven managers, though the appointments are a scaled-down version of what the scheme had proposed last year.

The government should set up an independent authority to overhaul the state pension and both public and private occupational provision, an expert believes.