News

Who will be liable for this government ineptitude?

More firms should consider capping final salary funds or implementing cost-sharing arrangements in a bid to avoid closing schemes, PricewaterhouseCoopers says.

The first 130/30 fund to focus on UK equities has reported its sixth consecutive month of beating the market since its launch in August.

Contractors are being treated unfairly over charges they face for being part of the Local Government Pension Scheme, Lane Clark & Peacock warns.

NETHERLANDS - The members of the Unilever pension scheme are taking the fund's board to court over allegations of insufficient inflation-based increases.

Trustees have been found guilty of maladministration after refusing to give an ill-health pension to a depressed railway worker.

GLOBAL - ABP and TIAA-CREF are among the investors to commit US$125m to Catalyst Microfinance Investors (CMI), in a deal claimed to be the largest ever collective equity capital commitment to microfinance.

THE Pensions Regulator is to consult on plans to include mortality assumptions as a new "trigger" for funding plans.

The outlook for government and high-quality corporate bonds is positive despite challenging economic conditions, Fidelity International believes.

MEXICO - ING has agreed to sell its non-core insurance business to AXA to concentrate on its pension and annuity business.