News

IRELAND - The current obligation on defined benefit (DB) pension schemes to be 100% funded is no longer sustainable, the Irish Business and Employers Confederation (IBEC) claims.

PPF 7800 index reveals deficit growth in September; FSA keeping watch on life companies; Bank bail-out - The effect on pension savers

GLOBAL - The International Accounting Standards Board (IASB) has issued amendments to the Financial Instruments: Recognition and Measurement (IAS 39) and Financial Instruments: Disclosures (IFRS 7) to permit the reclassification of some financial instruments....

US - North Carolina treasurer Richard Moore has reassured state pension scheme members their fund is structured to weather market downturns and shifts, amid growing concerns about the health of the scheme.

UK - The Financial Services Authority is concerned "inappropriate remuneration schemes" may have contributed to the current banking crisis.

UK - The National Association of Pension Funds (NAPF) has launched the final version of its best practice principles on investment advice to pension funds.

GLOBAL - The lax regulatory environment was responsible for the failure of Fannie Mae and Freddie Mac, a senior figure for the regulator of the collapsed mortgage giants has claimed.

UK - Lifestyle defined contribution (DC) funds offer a practical alternative to the issue of compulsory annuitisation, Watson Wyatt has said.

WEAKER regulation could lead to "significantly stronger" funding requirements, The Pensions Regulator says.

THE Pensions Regulator has refreshed the trustee knowledge and understanding framework to ensure it remains relevant.