News

UK - Companies have been warned to expect a demand for more cash from nervous pension trustees as turmoil in the markets worsens.

NEW ZEALAND - Despite current market volatility, 95% of New Zealand's private investors who have joined KiwiSaver - the country's national superannuation scheme - feel that signing up to the scheme was a good decision.

US - July funding ratios in typical US pension funds gained 0.6% because liabilities fell 1.4% compared to the 4.8% decline in funding ratios last month, according to a BNY Mellon Asset Management report released Wednesday.

UK - The Pension Protection Fund (PPF) has released results of its PPF 7800 index, showing the aggregate funding position of defined benefit (DB) pension schemes worsened over July, slumping to a deficit of £24.1bn (US$46.2bn).

US - Airline unions have voiced strong concerns that a proposed Delta/Northwest Airlines merger will put at stake employees' pensions and threaten the solvency of the Pension Benefit Guaranty Corporation (PBGC).

EUROPE - Regulation subjecting pension funds to international accountancy and solvency rules has been attacked as 'short sighted' by the president of the Belgian Association of Pension Funds (ABIP-BVPI).

Trustee champion Brian Holden has rejected claims that increasing regulatory pressures are making the role too complex for unpaid trustees.

Businesses could be putting their flexible benefits at risk by cutting funding for internal communication budgets, Jardine Lloyd Thompson says.

The Pensions Regulator published its draft guidance on how to calculate transfer values for members of defined benefit pension schemes today.

Administrators were forced to compensate a "missing member" of a wound-up pension scheme after losing all record of his contributions.