News

THE end of the housing boom has shattered people's confidence about using their home as part of their retirement savings, research reveals.

A new service which frees insolvency practitioners from the liability of being a trustee of an insolvent company's defined contribution scheme has been launched.

TRUSTEES are increasingly turning to derivatives for protection as they become more aware of the risks posed by their liabilities, a study shows.

THE Local Authority Pension Fund Forum is continuing its protest against retail giant Marks & Spencer's decision to appoint Sir Stuart Rose as chairman and chief executive.

Chancellor moves the goalposts on pensions; KKR ready to go public with a price tag of $19bn; Fund manager awaits further price falls for distressed debt

UK - Total buyout solvency deficit of FTSE 100 pension schemes has improved by £90bn (US$179bn) during the last 12 months, a report by Pension Capital Strategies Limited (PCS) has shown.

PEOPLE would be better off putting their money under the mattress than saving into personal accounts, Cazalet Financial Consulting claims.

NETHERLANDS - The Bank of New York Mellon (BNY Mellon) has been appointed to service a €3bn (US$4.72bn) global tactical asset allocation (GTAA) mandate by Dutch giant APG Investments.

AUSTRALIA - Workers should be made aware of how far their superannuation fund savings will go in retirement to motivate them, the Australian Securities & Investments Commission (ASIC) has said.

UK - Companies have shown interest in collective defined contribution (CDC) schemes or said the government should change pensions legislation to accommodate such schemes, a survey conducted by Hewitt has revealed.