News

Prysmian Cable workers are set be balloted on amendments to the company's defined benefit pension scheme, it has been revealed.

Scottish Life has re-launched a range of support materials for employers and advisers to help them establish successful salary sacrifice schemes.

UK - The number of employees whose defined benefit (DB) pension schemes are held by buyout players will rise to 180,000 by the end of the year, HSBC Actuaries and Consultants (HACL) has predicted.

DENMARK - ATP has announced plans to raise all pensions and pension commitments by 2%, despite recording a net loss of DKK7.3bn (US$1.44bn) in the first half of 2008.

Standard Life has extended the range of investment options available for its individual, group and wrap self-invested personal pension plans.

Pension funds seek leveraged loan deals; HSBC to launch pension joint venture in China; Société Générale embarks on global recruitment drive; Calls to delay flexible working rejected

EUROPE - The number of retirees relative to workers in the EU27 is set to double by 2060, according to data from EU statistical office Eurostat.

GLOBAL - A standardised international policy of fee disclosure has been mooted to help pension plan participants become better informed about defined contribution (DC) plan investment and administrative services.

GLOBAL - Soaring global food prices and the search for diversification against equity and fixed interest market downturns have prompted investors to turn their attention to commodities as a separate asset class, a report by institutional fund manager...

UK - The Occupational Pensions Trust (OPT) has attacked proposals to change the Pension Protection Fund (PPF) risk-based levy as potentially damaging to funding levels.