News

UK - Pension scheme member nominated trustees and other stakeholders must be included in the review of the Myners principles, the Trades Union Congress (TUC) and pressure group FairPensions have said.

US - Demand for enhanced cost of living allowances (COLA) in response to rising gas prices is putting increasing pressure on pension funds.

THE London branch of Landesbank Hessen -Thüringen has hired HSBC Actuaries and Consultants to provide advisory services to the trustees of its pension scheme.

Force of credit crunch made plain as 170 hedge funds crash in three months; Older workers can be a genuine asset; Ex-Bear Stearns hedge fund managers arrested

Local authority pension schemes have seen average funding levels increase by 11.5pc since 2004, new figures show.

THE government needs to conduct a full review of pension buyout models in a bid to anticipate any future threats to members' interests, the Trades Union Congress says.

The department for local government and communities has written to council schemes in a bid to clarify confusion over new ill-health rules.

THE National Association of Pension Funds has launched a guide to investment in private equity.

WATSON WYATT has appointed Neil Barrell as a senior consultant in a bid to strengthen its account management and new business teams.

B&CE Benefit Schemes is to increase contribution rates next month to enhance its position ahead of the introduction of personal accounts in 2012.