News

CASTLE CEMENT has appointed Pinsent Masons legal advisor to its pension scheme.

UK - The £4.2bn (US£8.2bn) Merseyside Pension Fund has placed a £135m European active equity mandate out to tender.

UK - Life expectancy improves by five hours each day causing problems for pension schemes stuck within inflexible regimes, according to Punter Southall.

RETIRED people in the UK lose around £52.9m each year by choosing the wrong annuity provider and failing to plan ahead, The Annuity Bureau says.

The nominations deadline for the Pension Scheme of the Year Awards is today .

CURRENCY overlay funds had mixed results in the first quarter of 2008, latest statistics from BNY Mellon Asset Servicing show.

EUROPE - Western European mandatory pension systems look set to follow the multi-pillar arrangements seen in Eastern European countries, say some industry experts.

US - New York City comptroller William Thompson Jr. has hit back at critics of New York City pension funds social investment model, claiming every other public pension fund should follow its model.

NZ - New Zealand's Labour government believes its universal superannuation scheme may be in jeopardy if the National Party opposition wins government at the next election.

TWO supermarkets are set to give employees nearly £130m in sharesave plan payouts.