News

A planned 48-hour tube strike has been formally called off since Metronet has received written confirmation on employment conditions from the Mayor of London.

CANADA - A legislated contribution rate of 9.9% from year 2010 is enough to pay future expenditures and to accumulate assets worth CAD$235bn (US$233.5bn) in 2015, the latest Actuarial Report for the Canada Pension Plan has revealed.

SMALL businesses have urged the government to help with the start-up costs of personal accounts.

MIDDLE EAST - An increase in multi-national companies in the Middle East is driving demand for Western-style pay and benefit practices, according to Mercer.

The first ever Professional Pensions Conjecture debate chaired by Professional Pensions editor Len Ro...

THE majority of defined benefit trustees are confident their schemes will still be running in 10 years time, a survey by Aon Consulting reveals.

UK - The Merseyside Pension Fund is in a deficit of £1bn (US$1.98bn), according to its latest actuarial valuation.

AUSTRALIA - British pension communication business, Anthony Hodges Consulting (AHC), has opened its first international office in Sydney, Australia.

UK - Pension trustees' views on the future of defined benefit (DB) schemes is at odds with the expectations of employers, a survey from Aon Consulting has revealed.

UK - L&G has carried out a partial buyout of the TI pension scheme, to take responsibility for 20% of its overall value.