News
Uncategorised
Trustees have been warned to check their insurance cover as some policies may not cover all the risks they now face.
11 January 2008
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United Kingdom
UK - The Northern Rock pension scheme has announced it has a deficit of £100m, but trustees said they would consider a buyout before letting the scheme go to the Pension Protection Fund (PPF).
11 January 2008
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US
US - The Alaska Permanent Fund has increased its allocation to direct property to more than US$3bn.
11 January 2008
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Uncategorised
WORK and pensions secretary Peter Hain is facing calls to quit after failing to declare more than £100,000 of donations to his Labour deputy leadership campaign.
11 January 2008
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US
US -The National City bank faces class action investigation and possible legal action following allegations of fiduciary mismanagement over the handling of its 401(k) retirement scheme.
11 January 2008
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Netherlands
NETHERLANDS - ABP has denied the departure of its head of real estate, Barden Gale was related to its latest deal with ING.
11 January 2008
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US
US - The Operating Engineers Local 324 Pension Fund has sued Fifth Third Bank to recover plan losses estimated at more than $20m arising from the mismanagement of the sale of some of the fund's property.
11 January 2008
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Defined Benefit
French technology services group Atos Origin is to replace its main defined benefit pension schemes in the UK with defined contribution arrangements.
10 January 2008
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Uncategorised
Wealth decumulation and product design will dominate the pensions technology landscape this year, Exaxe predicts.
10 January 2008
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