News

UK - New data shows retirees could see their pension savings swallowed up by basic living costs within 20 years of retirement, according to Standard Life.

HERMES FUND MANAGERS has awarded the inaugural Alastair Ross Goobey memorial scholarship to Rashedur Rahman of the Bangladesh Enterprise Institute.

UK - The current dip in pension fund buyout prices will become unsustainable as investors demand higher returns, according to PricewaterhouseCoopers.

RETIREMENT income is being eroded by the soaring basic cost of living, Standard Life says.

GLOBAL - Real estate and North American managers have provided the funds of choice for pension schemes moving towards alternatives, despite trustee concerns, according to Watson Wyatt.

GLOBAL - UK Prime Minister Gordon Brown has proposed allowing oil rich sovereign wealth funds to invest in energy projects in Britain and other oil consuming countries, as part of a plan to bring more stability to the oil market.

ALTERNATIVE assets managed on behalf of pension funds grew by 40pc in 2007, Watson Wyatt research reveals.

SOME 16pc of companies have closed their defined benefit scheme to future accrual for existing employees, latest PricewaterhouseCoopers research reveals.

UK - Pension scheme member nominated trustees and other stakeholders must be included in the review of the Myners principles, the Trades Union Congress (TUC) and pressure group FairPensions have said.

US - Demand for enhanced cost of living allowances (COLA) in response to rising gas prices is putting increasing pressure on pension funds.