News
Press
Crash! Shares tumble as Lehman Brothers collapses and fears grow for AIG; Turmoil pushes oil below $100; Andy Murray effect nets £30m deal
16 September 2008
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Canada
CANADA - Company pension plans are still in deficit, as sponsors continue to take investment and interest rate risk with portfolios, according to Mercer.
16 September 2008
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Netherlands
NETHERLANDS - Dutch employers could stop providing defined benefit (DB) pension provision, if proposals from the International Accounting Standards Board (IASB) are implemented, the Dutch Federation of Pension Funds has warned.
16 September 2008
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US
US - Equifax has announced it is to freeze its defined benefit (DB) scheme as of 1 January 2009, in a move that will affect over half of its US workforce.
16 September 2008
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US
US - New York City's pension funds held around two million shares of common stock in Lehman Brothers, according to the city's comptroller.
16 September 2008
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United Kingdom
UK - Total funding deficits increased by £13bn (US$23bn) to £60bn, following the 4% falls on equity markets yesterday, according to estimates by PricewaterhouseCoopers (PWC).
16 September 2008
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Canada
CANADA - The Official Committee of Unsecured Creditors (Committee) of CFM US Corporation has filed a complaint against the Ontario Teachers Pension Plan Board (OTTPB).
16 September 2008
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US
US - The California Public Employees' Retirement System has approved 19 investment plans for local public agency and school employee members of its defined contribution (DC) schemes.
16 September 2008
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Regulation
The majority of trustees and employers believe the current Pension Protection Fund levy structure does not represent a fair sharing of costs, Barnett Waddingham says.
15 September 2008
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Uncategorised
The Trades Union Congress has urged the government not to bow to pensions industry lobbying which would "water down" the personal accounts exemption test.
15 September 2008
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