News

THE number of private sector employees in defined benefit schemes with a retirement age of 60 has fallen by more than 40pc over the past three years, Watson Wyatt says.

CHANGING life expectancy assumptions have added £40bn to scheme liabilities, analysis by Hewitt Associates reveals.

GLOBAL - Best corporate principles should be adopted by private equity houses and hedge funds, Rudolf Hagendijk, CEO of Dutch pension service provider Mn Services has told the AsianInvestor conference in Beijing.

UK - The trustees of the £1.3bn (US$) Thales pension scheme, have appointed Cardano as investment adviser.

INCLUDING: UK - Cardano wins Thales UK Pension Scheme mandate; GLOBAL - Global investor confidence falls; UK - Govt urged to provide PA default option; UK - LPFA tenders for actuary

OVER 25pc of UK pension funds plan to invest in commercial property despite recent market turbulence, a PRUPIM report reveals.

THE West Ferry Printers Pension Scheme has insured its pensioner liabilities in a £130m buy-in deal with Norwich Union.

Pension risk up on hedge worries; Further fall in staff with final salary pensions; Pensions regulator softens stance; Pensioners lose key battle against retirement at 65; Rescue for 2,000 Lehman staff as Nomura buys two units; Hedge fund Man to lobby...

NEW ZEALAND - The Guardians of New Zealand Superannuation have said they will avoid any "knee-jerk" reactions, despite the negative results that will be reported next week.

UK - The West Ferry Printers Pension Scheme trustees have agreed to a £130m (US$241m) buy-in deal with Norwich Union.