News

UK - The Pensions Management Institute is warning trustees they may still be liable for pension funds that have been wholly bought out, despite the Financial Services Compensation Scheme (FSCS) claiming it would step in if an insurer went bust.

NETHERLANDS - Former Cardano director Geert-Jan Troost has joined Watson Wyatt Worldwide's investment consulting practice as senior investment consultant.

Schemes and other investors should not panic as a result of yesterday's market falls, fund managers say.

Private equity finding it harder to ditch pension liabilities; Lehman Brothers completes third sale of assets as investment unit realises $2.15bn; Companies must pick up more of the burden of healthcare and state pension costs; B&B deal to add £30bn to...

Publishing group Coughlan Companies has appointed Gissings Consultancy Services to advise the creation of a benefit plan for employees transferring into the firm.

HSBC Actuaries and Consultants has appointed Paul Armitage as head of defined contribution to grow the business.

The final guidance to assist trustees in calculating transfer values for defined benefit schemes has been published by The Pensions Regulator.

Growing numbers of defined contribution sponsors and trustees are receiving only adequate service from providers, a Watson Wyatt survey reveals.

BAIN Capital Partners and Hellman & Friedman have bought Neuberger Berman and some other asset management businesses of Lehman Brothers' investment management division for $2.15bn (£1.19bn).

GLOBAL - The pensions industry is struggling to take in the consequences of the US Congress' failure to pass the controversial US$700bn bail-out plan, as markets across the world reacted negatively to the announcement.