News

UK - SCA Packaging workers have settled on a pay deal at the expense of their defined benefit (DB) pension scheme.

Alternative savings options are more attractive to many employees than pensions, a Mercer poll reveals.

Employers with defined contribution pension schemes need to implement a "smart-save" system in order to increase the level of contributions, BlackRock says.

Trustees may be forced to make sponsoring employers insolvent in order to protect the benefits of scheme members, Grant Thornton says.

Pension took a back seat to wider economic concerns at the Trades Union Congress' conference in Brighton last week.

P-Solve Asset Solutions has appointed Martin Johnson as investment director in its risk management solutions business.

Norfolk County Council is looking to appoint an administrator to run an online system for its £1.9bn pension scheme.

US - Employers facing swelling pension plan demand must assume more active influence in the International Accounting Standards Board accounting rule-change process, according to a Watson Wyatt consultant.

GLOBAL - Samena Capital, a new asset manager, has launched, promising to "revive the value proposition of the old silk route".

Lehman Brothers staff face fight for pensions; Fed in $85bn AIG rescue deal; Crisis hits home to threaten the Halifax