News

UK - Defined benefit pensions continue to be a serious concern and ongoing challenge for private equity firms acquiring, managing or disposing of companies, Punter Southall says.

US - Philadelphia, Phoenix and Atlanta are leading a municipal effort to secure a piece of the US$700bn bail-out fund to address to shortfalls in public pension funds and other services such as infrastructure.

US - A call for government relief for corporate pensions has been addressed with legislation allowing multi-employer pension plans to freeze their current funding status to avoid being classified as 'endangered' or 'critical'.

Firms struggle with £17bn pension deficit; Pension liabilities are large hurdle; Legal & General backs Barclays' Middle East deal under protest; Citigroup weighs options as shares in banking giant plunge

INDEPENDENT Trustee Services has started legal action against GP Noble, its director Graham Pitcher and several other financial services firms, PP has learned.

THE Pension Protection Fund has confirmed that it has set a pension protection levy estimate of £700m for 2009/10.

MERCER has appointed Marc Littlewood as a senior consultant within its investment consulting business.

TRUSTEES must remain vigilant in the current economic turmoil but it is essential their thinking remains long-term, delegates heard.

UK - The Pension Protection Fund has confirmed that it has set a pension protection levy estimate of £700m for 2009/10.

NETHERLANDS - The net worth of Dutch investment funds has dropped 8% in Q3 2008, pension fund regulator De Nederlandsche Bank reports (DNB).