News

A review into the structure of the postal industry will determine the future of the Royal Mail Pension Scheme, the Communication Workers Union says.

Dwindling defined benefit pension provision will be further hit if additional layers of actuarial scrutiny are introduced, Buck Consultants says.

Nomura International has appointed Premier Pensions Management to administer its closed UK occupational pension scheme.

Isle of White Council is looking to appoint investment managers to cover five portfolios for its pension fund.

Actuaries will help stabilise the economy through their expertise in risk management, the Faculty of Actuaries says.

Employers and trustees should consider offering members a pensions holiday to help them cope with financial pressures caused by the credit crunch, Towers Perrin says.

Hermes has appointed Chris Godfrey as head of performance analysis and risk reporting.

CANADA - The Ontario Teachers' Pension Plan (OTPP) has acquired US-based Acquilex Holdings, a maintenance, cleaning and repair company for the oil refining, fossil power, nuclear, petrochemical and waste-to-energy industries, for an undisclosed sum.

Including: GLOBAL - Private equity inflows lowest since 2005; US - GAO says SWF data 'limited'; UK - Hermes appoints new head of performance analysis & risk reporting; UK - Somerset CC hires Standard Life for fixed interest

US - Current accounting rules have helped to improve pension scheme funding status, despite a $35bn aggregate pensions deficit, but left it vulnerable to dramatic falls, according to Mercer.