News

The New Zealand Super­annuation Fund is to sell its Auckland International Airport shares to the Canadian Pension Plan Investment Board.

The Canada Pension Plan Investment Board has joined a consortium that plans to bid for the chance to start a new wireless company.

Scheme members are putting their long-term financial future at risk by taking pension payment breaks, Brewin Dolphin warns.

HM Revenue and Customs has closed a loophole that allowed pension funds to be passed on tax-free at death, Standard Life says.

The Pension Protection Fund is right to consider taking hedging strategies into account when calculating risk-based levies, Buck Consultants says.

The Pensions Management Institute is launching a package of benefits for members.

GLOBAL - The Accounting Standards Board in the UK has been accused of a lack of joined up thinking with its international counterpart, following the release of a new discussion document on IAS 19.

JAPAN - Electronics giant Hitachi will contribute stock to a newly established employee retirement benefit trust, in a move to improve its pension financing and increase its utilisation of financial assets.

Employers need to be wary before setting up group self-invested personal pensions for employee ShareSave plans, Watson Wyatt says.

Around 70pc of recovery plans have triggered further action from The Pensions Regulator, delegates heard.