News

UK - Petrochemical company INEOS and trade union Unite have held further talks after a two day strike at the company's plant in Grangemouth, Scotland over pensions.

NEW ZEALAND - A national committee has been formed to investigate aspects of how New Zealand superannuation is calculated.

UK - The relevance of a survey showing scheme members lacked confidence in pension fund buyout firms has been questioned by Paternoster's Mark Wood.

UK - The Pension Protection Fund (PPF) has launched a consultation to equalise compensation it gives to men and women.

CANADA - The investor group led by the Ontario Teachers' Pension Plan (OTPP) has an had its deadline extended for the filing of documents relating to the acquisition of Bell Canada Enterprises (BCE).

FRIENDS Provident has reported an 11pc increase in first quarter life and pensions new business from £223m to £247m.

US - CalPERS CEO, Fred Buenrostro, has confirmed he is to retire from public service to pursue private sector opportunities.

ALMOST two-thirds of defined contribution scheme trustees claim members are failing to fully understand their pension, Aon Consulting research reveals.

UK - Pension funds which have hedged out interest rate and inflation risk must now face up to longevity risk, according to a report released today.

GERMANY - Deutsche Bank reported a net loss of €141m (US$219.3m) in Q1 2008 with an 8% poorer performance in asset management revenues than the same period last year.