News

Almost 7000 scientists, engineers and production workers employed on the Trident nuclear warhead project are set to strike over changes to their pension scheme.

More than a third of workers would prefer their firms to offer an alternative to automatic pension contributions, a study by Towers Perrin shows.

Wrap accounts and 401k type plans have all had a lot of hot talk over the past few years, but they fi...

US - Less than a quarter (23.1%) of employers have implemented automatic enrolment of employees in company defined contribution (DC) pension plans and almost two thirds (62.1%) have extended the provision for new employees only.

SWEDEN - Johan Magnusson has been appointed new managing director of Första AP-fonden (AP1), succeeding William af Sandeberg.

UK - Paternoster, the pension fund buyout company, announced its 2007 premium income to be £1.4bn (US$2.7bn) or an 1151% increase on 2006 figures.

Buck Consultants is to host training courses for occupational pension scheme trustees.

UK - A researcher from Edinburgh University plans to use the UK's newest supercomputer to model and predict the likely outcomes of financial markets to help pension funds better plan for the future.

NETHERLANDS - The Confederation of Netherlands Industry and Employers (VNO-NCW) and the Dutch Association of Industry-wide Pension Funds have voiced their opposition to IAS19 accounting rules.

Balanced pooled funds achieved a median return of -3.4pc in November, latest CAPS figures from BNY Mellon Asset Servicing reveal.