News

THE O2 Pension Plan has appointed BNY Mellon Asset Servicing as its global custodian.

UK - The Pensions Policy Institute (PPI) has said saving in a pension "may not be suitable for some groups of people".

UK - The Lothian Pension Fund is suing Ericsson for an alleged fraud, which it claimed cost the scheme $3.2m.

UK - The Pension Protection Fund (PPF) has admitted it made a mistake and underestimated the aggregate funding position of defined benefit schemes by almost £20bn (US$40bn) in January 2008.

Over a third of schemes and other institutional investors plan to increase their allocation to alternative investments over the next three years, research by PricewaterhouseCoopers reveals.

Pension schemes revolution needs careful thought; Norwich Union defends upfront commission; Government seeks to send in pension protectors; Private equity takeovers face new threat

THE government has decided not to appeal against the Pensions Action Group judicial review victory.

UK - The O2 Pension Plan (O2) has appointed BNY Mellon Asset Servicing B.V. to provide global custody, investment accounting, cash management, securities lending and performance measurement services.

NEW ZEALAND - Payments for the National Superannuation scheme are set to rise by 3% on 1 April 2008, the New Zealand government has said.

CANADA - Quebec Superior Court has ruled the proposed take over of Bell Canada Enterprises (BCE) by a consortium led by the Ontario Teachers' Pension Plan (OTPP) can go ahead.