News

Firms are failing to give staff adequate pensions guidance, JPMorgan Invest has warned.

AUSTRALIA/NEW ZEALAND - Australia's superannuation system has helped raise workers' expectations for retirement above those of their Kiwi counterparts, a study from Mercer has found.

US - The Arizona State Retirement System (ASRS) reported a 17.8% annual return for the fiscal year ending 30 June 2007.

UK - The trustees of the Northern Rock pension scheme are seeking meetings with the company's new management team following its nationalisation.

THE Pensions Regulator has gone out to consultation on plans to include mortality assumptions as a new "trigger" for funding plans.

UK - Scottish Pensions Trustees (SPT) - the Scottish arm of Capital Cranfield Trustees - has appointed Roger MacNicol as an additional client director.

STRONG institutional sales have boosted new business figures to record levels, Standard Life Investments says.

Ministers willing to look at rules on pensions; Clearer view of pension costs in the offing; Northern Rock takeover brings back nationalisation; Staff 'claim £1bn false expenses'

US - The Pension Benefit Guaranty Corporation (PBGC) has adopted a diversified investment policy which it claims will give it a 57% likelihood of achieving full funding within ten years, compared to 19% under its previous policy.

AUSTRALIA - Watson Wyatt has appointed former Mercer staffer Tony Arnold as a senior investment consultant to its Australian investment consulting practice.