News

CANADA - The C$155bn (US$129bn) Caisse pension fund has sufficient liquidity to meet all its commitments to members in spite of the financial turmoil, its president says.

INCLUDING: UK - Brits miss out on tax relief; GLOBAL - S&P launches International Treasury Bond Index Series; UK - Pension Corp appoints general counsel; UK - Faith in property plummets

US - Industry bodies have called on the US Congress to 'soften the blow' of phasing in Pension Protection Act (PPA) reforms in order to safeguard the long-term viability of defined benefit (DB) pensions.

Men narrow longevity gap on women; A million elderly get the wrong pension after errors in system; Firms may have to find £45bn a year for final-salary schemes

Latest government statistics on mortality rates should be interpreted with care, Watson Wyatt says.

FRIENDS PROVIDENT is set to give its 52pc stake in F&C Asset Management to its shareholders.

Aegon Trustee Solutions is to launch a longevity insurance product to the defined benefit market.

More than half of scheme managers believe the department for work and pensions should relax the rules on returning surpluses to employers.

Active member discount charging structures risk breaching the Financial Services Authority treating customers fairly principles, Scottish Life warns.

US - A New York federal judge blocked Argentina from transferring out of the US investments held by its pension funds, granting a request by bondholders holding a $553m judgment against the South American country.