News

INCLUDING: GLOBAL - Schroders appoints new head of fixed income; FINLAND - Ilmarinen losses 9.4%; UK - PADA's first annual report; UK- ACA calls for action on pensions

UK - Women and carers may soon be allowed to top-up their National Insurance in order to receive a higher state pension, under amendments to the Pensions Bill being proposed by the government today.

UK/SPAIN - The significant and unexpected deficit in British Airways (BA) pension plan has severely slowed down the negotiations on its merger with Iberia, in what would create one of the largest European carriers.

US - Pension plans lost money for the fourth consecutive quarter at the end of September, marking a year of investment losses, according to data released by Northern Trust.

US - The Department of Labor (DoL) has ordered US$8.6m be restored to the 401(k) plan of Agway Inc and barred plan officials and directors from servicing employee benefits for two years.

The average retirement age for men who were still working at 50 has reached its highest levels since records began, government statistics reveal.

A Scottish council within a merged actuarial profession would boost productivity in Scotland, Ronnie Bowie says.

Concern has been raised on whether the Pension Protection Fund has collected enough in levies to be able to meet all its liabilities, Alexander Forbes says.

NORTHUMBERLAND County Council has gone out to tender for an independent investment adviser to its pension fund.

The Association of Consulting Actuaries has written to the pensions reform minister in a last ditch attempt to get conditional indexation written into the Pensions Bill.