News

UK - The Pensions Regulator (TPR) has published a statement regarding its regulation of mortality assumptions for defined benefit (DB) schemes.

THE Scottish government has unveiled a new-look local government pension scheme - which is claim could save taxpayers around £20m a year.

GERMANY - Allianz Global Investors Deutschland (AllianzGI) and the life insurer Allianz Lebensversicherungs-AG (Allianz Leben) have founded a joint subsidiary, to serve its corporate clients as a trustee for CTA models (contractual trust arrangements)....

PARLIAMENT will be responsible for the extinction of defined benefit type pension arrangements unless conditional indexing is included in the Pensions Bill, the Association of Consulting Actuaries warns.

PICTET FUNDS, the investment fund distribution arm of Pictet & Cie, is set to launch a fund covering Latin American currency emerging debt.

AUSTRALIA - The Retail Employees Superannuation Trust (REST) has announced new guidelines and a fee structure to help members as they near retirement.

NETWORK RAIL has launched a career average revalued earnings option for its 34,000 employees.

SWEDEN - The fourth AP fund, AP4, has stepped up its 'change initiative' following disappointing annual returns of 2.4% in 2007.

EUROPE - As pension funds move to better funding positions and look to hedge against duration, experts have seen an increase in demand and ensuing shortage of inflation linked bonds.

THE Somerset County Council Pension Fund has gone out to tender for an active fixed income manager to run a £200m brief.