News

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).

US - Wal-Mart Stores Inc., the largest US private employer, won dismissal of a lawsuit over claims employees were charged excessive fees for investments in their 401(k) plans.

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

NORWAY - The City of Oslo has proposed lending its municipal pension fund NOK1.24bn (US$184.9m) to shore up its funding level.

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