Men narrow longevity gap on women; A million elderly get the wrong pension after errors in system; Firms may have to find £45bn a year for final-salary schemes
Latest government statistics on mortality rates should be interpreted with care, Watson Wyatt says.
FRIENDS PROVIDENT is set to give its 52pc stake in F&C Asset Management to its shareholders.
Aegon Trustee Solutions is to launch a longevity insurance product to the defined benefit market.
More than half of scheme managers believe the department for work and pensions should relax the rules on returning surpluses to employers.
Active member discount charging structures risk breaching the Financial Services Authority treating customers fairly principles, Scottish Life warns.
US - A New York federal judge blocked Argentina from transferring out of the US investments held by its pension funds, granting a request by bondholders holding a $553m judgment against the South American country.
US - A report put out by the National Institute on Retirement Security (NIRS) has warned employers looking to save money by freezing defined benefit (DB) plans are actually laying themselves open to increased costs in the long term.
GLOBAL - Institutional investors have moved out of equity positions and are braced for a continuing slowdown through 2009, State Street global Markets (SSgM) said at an investment conference in Sydney, Australia, today.
UK - Latest government statistics on mortality rates should be interpreted with care, Watson Wyatt has said.