Pensions regulator wins new powers on buy-outs; More agency staff rights will cost jobs, says CBI
UK - A pledge to review the contribution cap and transfers ban applied to personal accounts has been welcomed by the chief executive of the committee overseeing their design and implementation.
ROWANMOOR PENSIONS are urging owner directors not to rely solely on the sale of their businesses to fund their pension funds.
US - The US$63.5bn Minnesota State Board of Investment (MSBI) may be forced to allocate funds to venture capital under plans unveiled this week by a local member of the House of Representatives.
US - Goldman Sachs Asset Management (GSAM) has been dropped by Massachusetts' Pension Reserves Investment Trust (PRIT) because of poor returns and concerns of instability within the organisation.
The councils of the Faculty and Institute of Actuaries have recommended a merger of the two bodies.
Half of all employers believe the cost of running a defined benefit scheme is now disproportionate to the value it provides, new research shows.
AUSTRALIA - The Australian government's initiative to build on the superannuation system to encourage young people to save for a home has been welcomed by the Association of Superannuation Funds of Australia (ASFA).
US - The US Supreme Court has ruled unanimously to allow individual 401(k) plan participants to sue plan administrators for breaching their fiduciary duties.
US - A row has erupted between the San Diego city attorney and the city council president over the employment of a pensions expert.