News

THE Pensions Regulator is issuing a statement to trustees of all work-based pension schemes setting out its general position in relation to current market conditions.

Royal Mail's pension gap grows to £4bn as profits double on a smaller postbag; Credit crunch upsets 30-year rate swaps; Recession fears intensify and spark turbulence

ROYAL MAIL has seen its pension scheme deficit increase by more than £1bn over the past six months.

Faraday Tracing Bureau has launched a monthly mortality screening service in a bid to help schemes reduce fraud or inadvertent overpayment.

THE government is to propose an amendment to the Pensions Bill to allow people to buy additional National Insurance contributions in order to have a higher state pension today.

Six out of ten UK companies fail to measure return on pension expenditure, Alexander Forbes Financial Services says.

The Association of British Insurers has launched an electronic information exchange to speed up the time it takes to process open market option annuity payments.

Website security and accessibility will be key issues for scheme managers and business management teams to consider next year, Profund Solutions says.

NETHERLANDS - PME, the Dutch metal and electro-technical engineering sector fund, said it had been "severely bruised" by the credit crisis, making full indexation unlikely in 2009.

UK - The Pensions Regulator is issuing a statement to trustees of all work-based pension schemes setting out its general position in relation to current market conditions.