News

UK - Oil giant Shell is set to implement changes to its UK pension scheme next year which will include increasing the retirement age for new workers from 60 to 65.

Regulator slams pension rules as bizarre; Pension fears take Cable & Wireless's four-week decline to 30%; Fidelity Investments, Credit Suisse and Capital Group yield the axe; Aviva assets squeezed by turbulent markets

First Actuarial has launched a web based tool for pensions accounting figures giving companies real time updates on how fluctuating markets are affecting their accounts.

The Personal Accounts Delivery Authority is recruiting a policy and product developments delivery director.

P-Solve Asset Solutions has expanded its London governance business with five new appointments.

Local authority pension funds must not ignore their legal right to claim sizeable damages through US class action law suits, Goal Group warns.

The House of Lords voted overwhelmingly to keep the age of compulsory annuitisation at 75 during the latest Pensions Bill debate.

US - City attorney Michael Aguirre has claimed an email from a San Diego City retiree shows the managers of the city's pension system knowingly overvalued pension assets in official documents.

THE Pension Protection Fund deficit could increase as more firms become insolvent, the lifeboat fund admitted today.

SWEDEN - The Swedish Central Bank has today decided to expand the SEK1bn (US$129.3m) credit provided to Carnegie, to a credit facility of up to SEK5bn (US$646.2m).