News

UK - The government's decision to cut value added tax and then put it up again could add around £3bn (US$4.5bn) to defined benefit (DB) pension liabilities, Watson Wyatt warns.

SWITZERLAND - Two European pension funds have awarded two separate private equity mandates to Switzerland-based alternative asset manager Partners Group.

Ros Altmann has called for the introduction of a National Wealth Service, with free financial advice health checks to keep savers on the right track.

IRELAND - The funding rules governing defined benefit (DB) pension schemes need urgent reform or a number will collapse, the Irish Business and Employers Confederation (IBEC) warns.

A "sizeable" number of firms are switching to the use of more conservative mortality assumptions, Punter Southall reveals.

THE government's decision to cut value added tax and then put it up again could add around £3bn to defined benefit pension liabilities, Watson Wyatt warns.

US - The State of Illinois Teachers' Retirement System (TRS) has terminated a fixed income enhanced index mandate held by Neuberger Investment Management, blaming performance and organisational concerns.

AUSTRALIA - Superannuation funds are struggling with liquidity issues as members flock to safety, according to QIC Capital Markets.

Including: AUSTRALIA - Minister highlights lost accounts; UK/IRELAND - Hewitt hires UK and Ireland managing director; GLOBAL - T. Rowe Price appoints global equity specialist

Hewitt Associates has appointed Andy Cox as managing director for the UK and Ireland.