News

DENMARK - Danish pension fund giant ATP has confirmed its commitment to raise all current and future pensions by 2%, despite reporting a 1.4% loss on its investment return for the first nine months of 2008.

GLOBAL - The International Organisation of Pension Supervisors (IOPS) has approved of a new set of guidelines for the supervisory assessment of pension funds.

AUSTRALIA - One in five working Australians have reconsidered their superannuation strategy in the last three months, a survey by the Investment and Financial Services Association (ISFA) has revealed.

UK - Oil giant Shell is set to implement changes to its UK pension scheme next year which will include increasing the retirement age for new workers from 60 to 65.

Regulator slams pension rules as bizarre; Pension fears take Cable & Wireless's four-week decline to 30%; Fidelity Investments, Credit Suisse and Capital Group yield the axe; Aviva assets squeezed by turbulent markets

First Actuarial has launched a web based tool for pensions accounting figures giving companies real time updates on how fluctuating markets are affecting their accounts.

The Personal Accounts Delivery Authority is recruiting a policy and product developments delivery director.

P-Solve Asset Solutions has expanded its London governance business with five new appointments.

Local authority pension funds must not ignore their legal right to claim sizeable damages through US class action law suits, Goal Group warns.

The House of Lords voted overwhelmingly to keep the age of compulsory annuitisation at 75 during the latest Pensions Bill debate.