News
Equities
Equity market falls of 4pc on Monday increased total UK pension deficits by £13bn, PricewaterhouseCoopers estimates.
16 September 2008
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Uncategorised
The South Yorkshire Pension Fund has appointed Prudential as an additional voluntary contribution provider.
16 September 2008
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Press
Crash! Shares tumble as Lehman Brothers collapses and fears grow for AIG; Turmoil pushes oil below $100; Andy Murray effect nets £30m deal
16 September 2008
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Canada
CANADA - Company pension plans are still in deficit, as sponsors continue to take investment and interest rate risk with portfolios, according to Mercer.
16 September 2008
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Netherlands
NETHERLANDS - Dutch employers could stop providing defined benefit (DB) pension provision, if proposals from the International Accounting Standards Board (IASB) are implemented, the Dutch Federation of Pension Funds has warned.
16 September 2008
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US
US - Equifax has announced it is to freeze its defined benefit (DB) scheme as of 1 January 2009, in a move that will affect over half of its US workforce.
16 September 2008
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US
US - New York City's pension funds held around two million shares of common stock in Lehman Brothers, according to the city's comptroller.
16 September 2008
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United Kingdom
UK - Total funding deficits increased by £13bn (US$23bn) to £60bn, following the 4% falls on equity markets yesterday, according to estimates by PricewaterhouseCoopers (PWC).
16 September 2008
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Canada
CANADA - The Official Committee of Unsecured Creditors (Committee) of CFM US Corporation has filed a complaint against the Ontario Teachers Pension Plan Board (OTTPB).
16 September 2008
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US
US - The California Public Employees' Retirement System has approved 19 investment plans for local public agency and school employee members of its defined contribution (DC) schemes.
16 September 2008
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