News

A man has been ordered to repay more than £400,000 for his part in the £2.9m CW Cheney & Son pension scheme fraud.

Pensions lifeboat risks being swamped; Three men told to repay £2m after pension fraud; FSA: Get a grip on bonuses or face nationalisation

The Combined Nuclear Pension Plan has gained more than 9000 new members following the transfer of Sellafield shares to the private sector.

INCLUDING: SWITZERLAND - Zurmont closes buyout fund; CANADA - Caisse's president extends leave of absence; US - Colorado PERA holds board elections; UK - NAPF Investment Conference 2009

UK - Pension funds abandoning diversification strategies as a response to losses caused by market turmoil could miss investment opportunities, asset managers warn.

CANADA - Canadian communications company BCE has hired PricewaterhouseCoopers (PwC), in an attempt to rescue its takeover by an investor group led by the Ontario Teachers' Pension Plan (OTPP).

AUSTRALIA - The government has rejected a call from leading economists to drop compulsory superannuation contributions to 6% as part of an economic stimulus package.

UK - A sizeable minority of schemes feel they will miss funding recovery targets despite expecting contribution rises, Watson Wyatt has said.

A sizeable minority of schemes feel they will miss funding recovery targets despite expecting contribution rises, Watson Wyatt has said.

NETHERLANDS - Half of the top 10 pension funds in the Netherlands saw their coverage ratio drop to between 85% and 95% at the end of November, the Dutch Association of Industry-wide Pension Funds (VB) has revealed.