News
US
US - Large US pension plans fell into deficit by a further US$10bn during the second quarter of 2008 bringing the half-year total loss on assets and liabilities to over $80 billion, analysis by Mercer has revealed.
08 July 2008
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Press
Swiss Re to join pension buyout market; Asia sinks to lowest level this year; British Chambers of Commerce warns Britain is close to recession; Hedge funds hit troubled banks with a hiring binge
08 July 2008
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Uncategorised
MILLIONS of British adults have taken the decision to review their pension arrangements in the last 12 months as a result of falling property prices, Baring Asset Management research reveals.
08 July 2008
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Australia
AUSTRALIA - QIC has appointed Matthew Peter as chief economist to oversee strategic investment research and macro-economic analysis.
08 July 2008
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US
US - Former Airtrans CEO Freddie Ford has been sentenced to 15 months in prison after being convicted of theft from 401(k) plans.
08 July 2008
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Bulk Annuities
SWISS RE has confirmed it is set to launch a pensions buyout product later this year.
08 July 2008
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Mandates
THE Unite Amicus Section Pension Scheme has appointed First Actuarial to provide it with actuarial and administration services.
08 July 2008
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US
US - Workers covered by 401(k) plans with automatic enrolment and savings escalation would be on average 2.4-2.6 times better off than those with voluntary plans, analysis by the Employee Benefit Research Institute (EBRI) has suggested.
08 July 2008
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US
US - Coca-Cola has agreed to pay US$137.5m to settle a class action law suit led by two pension funds.
08 July 2008
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