News

CANADA - A dozen schools have yet to ratify a deal agreed between the Alberta Teacher's Association (ATA) and the provincial government in order to cover a CAN$4.6bn liability in the Teacher's Pension Plan.

A self-invested personal pension which combines the security of an insured product and the scope of trust-based plans has been launched by Merchant Investors.

Unease over the government's latest Pensions Bill - which had its second reading in the Commons this week - continues unabated.

Schemes looking to invest in the US markets should not be put off by the "negative consensus" that the country is heading towards a recession, Principal Global Investors says.

Schemes could be paying too much under the Pension Protection Fund's risk-based levies if details are not up-to-date and accurate, a law firm warns.

US - The Public Safety Personnel Retirement System of Arizona (PSPRS) has appointed BNY Mellon Asset Servicing as custodian.

The credit crunch has helped to underline the security and stability that liability-driven investment strategies give schemes, industry experts claim.

Paying pensions to retired police officers costs taxpayers more money than serving officers in some areas of the UK, a new study claims.

ERNST & YOUNG has launched a dedicated pensions practice to provide advice to corporate clients.

MPs' pensions cost taxpayers £20.5m a year - more than double the official estimate, pension consultant John Ralfe claims.