News

US - The dollar gained against the euro on speculation Barack Obama's sweeping victory in the US presidential election will help him push through policies needed to revive the world's biggest economy.

US - The whole concept of risk sharing in private pension plans requires an urgent rethink to stave off disaster, a research brief by the Centre for Retirement Research (CRR) at Boston has argued.

GLOBAL - An indisputable majority of pension funds have claimed diversification into alternatives has protected them in the ongoing financial crisis, the results of the latest Global Pensions 100 Panel have shown.

US - The American election results support the Clinton maxim that it is "the economy stupid" that drives political success and public policy in the White House, the US Senate and the House of Representatives.

Workers at the University of Sussex held a protest rally instead of another strike last week over proposed changes to the institution's defined benefit pension scheme.

Individuals must register for transitional protection of pension benefits now or face tax bills running into hundreds of thousands of pounds, Watson Wyatt warns.

Employers must ensure they have sufficient access to independent advice as schemes approach the second round of scheme specific funding valuations, Hamish Wilson says.

Capita Group is to administer around 1.1m life and pensions policies for Abbey Life Assurance Company and Deutsche Bank in a 10-year deal worth £130m.

First Actuarial has appointed John Cullen to further strengthen its growing team of consultants.

Giovanni Legorano looks at how pension funds are positioning their fixed income portfolios to both minimise damage and maximise opportunity