News

Two new local government pension schemes have joined the Local Authority Pension Fund Forum taking its membership to 46 funds.

The Pensions Advisory Service received a record 1020 calls to its women's helpline on the first day of operation.

UK - Somerset County Council pension fund has placed a £200m (US$392.6m) active fixed interest mandate out to re-tender.

CANADA - Nova Scotia's pension benefits are to be reviewed, following establishment of a committee.

The Pensions Bill is a wasted opportunity to cut red tape and halt the "alarming decline" of final salary schemes, the Conservatives claim.

RPMI is to taking over the administration of the House of Commons Parliamentary Contributory Pension Fund.

UK - Just under half of UK companies would consider terminating their pensions plan if proposals from the Accounting Standards Board (ASB) are adopted, according to professional services firm Towers Perrin.

CANADA - The proposed merger between the Montréal Exchange (MX) and the Toronto Stock Exchange (TSX) to create the TMX Group has been supported by the Caisse de dépôt et placement du Québec, the CAN$143.5bn (US$143.9bn) Québec pension fund manager.

US - The number of US companies using communication vehicles to encourage employees to take advantage of benefits programs has more than doubled since 2003.

Trustees have created a surge in demand for buyout advice as part of risk management plans, Lane Clark & Peacock says.