News

SOUTH AMERICA - BBVA reported mixed results for the first quarter of 2007 with profits and losses in its regional pensions businesses.

THE Pension Protection Fund has published its plans for the next three years.

INSTITUTIONAL sales saw total outflows of around £27.4m in March, latest figures from the Investment Management Association show.

UK - The EMI pension fund trustees have asked the Pensions Regulator (TPR) to step in and help with talks with its owners, Terra Firma amid suspicions it is looking to buyout the fund.

INCREASES in life expectancy could undermine the financial viability of defined benefit pension schemes, a Chartered Institute of Management Accountants report warns.

UK - The Pension Protection Fund (PPF) has published its management plan for the next three years, including consultation of the levy and introducing new technology.

UK - Petrochemical company INEOS and trade union Unite have held further talks after a two day strike at the company's plant in Grangemouth, Scotland over pensions.

NEW ZEALAND - A national committee has been formed to investigate aspects of how New Zealand superannuation is calculated.

UK - The relevance of a survey showing scheme members lacked confidence in pension fund buyout firms has been questioned by Paternoster's Mark Wood.

UK - The Pension Protection Fund (PPF) has launched a consultation to equalise compensation it gives to men and women.