News

FIDELITY is set to launch a administration service for companies with closed defined benefit schemes.

Trustees could be guilty of maladministration if they fail to advise members buying an annuity about the open market option, The Pensions Advisory Service warns.

UK - More postal strikes looked likely yesterday as Communication Workers Union (CWU) members backed proposals of a national ballot on industrial action over pension changes and post office closures.

UK - Schroder Property appointments; US - CalPERS proxy supported; FRANCE - Nexity opens hotel arm; UK - Fidelity launches admin service

AUSTRALIA - The Australian Prudential Regulation Authority (APRA) has warned it could remove trustees from 32 superannuation funds for failing to meet their regulatory obligations.

AUSTRALIA - The government has been warned most women will continue to retire in poverty unless it includes superannuation in a proposed paid maternity leave scheme.

Latest government statistics underline how more people in the UK are continuing to save for retirement after reaching state pension age, Watson Wyatt says.

More than three quarters of pensioners with private or company pension schemes are taking lump sums out of their pension pots, Prudential research reveals.

CHINA - China's social security fund is looking to invest almost 50bn yuan (US$7.2bn) in equity investments, and double that in private equity, by 2010.

HSBC moots retirement at 65, Should you be claiming back pension tax relief?, Number of pensioners in poverty rises to 2.5 million, Official statistics show that one in three pensioners is now living in poverty, Prudential defers again its decision on...