News

US- The US Treasury Department has unveiled details of its public-private partnership investment program - including a legacy loans programme which involves pension plans.

US - Retirement security could be reduced by last minute regulation from the Bush administration, witnesses at a House of Representatives subcommittee hearing claimed.

US - Western Asset Management has axed some 100 jobs, or 10% of its workforce.

Tax and mend: how to get pensions working again; Nortel pension fund deficit rocks state lifeboat; Pension funds urge M&S to restrict Sir Stuart Rose's power

P-Solve Asset Solutions has hired Jeff Neate and Keira-Marie Ramnath to its investment advice team.

People who have registered for enhanced protection could find it invalidated by 2012 auto-enrolment regulations and face "penal" charges, First Actuarial says.

Mellon Transition Management (MTM) has appointed Tim Wilkinson and his team of transition management professionals in a major expansion of its business.

NETHERLANDS - ABP has announced its chairman, Elco Brinkman, is to step down after eight years in the role.

UK - The National Association of Pension Funds (NAPF) has called on the government to introduce measures to help firms reduce scheme liabilities.

US - The steep drop in the markets in 2008 wiped out five years of gains in the pension plans of the 100 largest corporate defined benefit (DB) plan sponsors, Milliman research reveals.