News

UK - The outlook for defined benefit (DB) pension plans is uncertain with less than 40% of schemes still open and over a third of these likely to close within the next five years, according to the results of Alexander Forbes Financial Services annual...

UK - Providers must urgently update their projection models before pensions' deficits reach catastrophic proportions, a leading academic has claimed.

IRELAND - Workers face an uncertain future as a quarter of all adults have made no provision of any kind to see them through retirement.

NETHERLANDS - Food producer Royal Cosun has appointed State Street Corporation to provide investment services to its three pension funds.

OCCUPATIONAL PENSIONS TRUSTS has appointed Peter Scales and Paul Spencer to its pensions trust's board.

STANDARD LIFE is the favoured self-invested personal pension provider by independent financial advisers in the UK market, according to research from assurance software provider Mastek.

ETF SECURITIES has launched four new exchange traded commodities on the London Stock Exchange offering investors access to commodity future prices.

UK - Merseyside Pension Fund has decided not to divest from arms, despite pressure from local councils and lobby groups.

UPDATED corporate governance policy and voting guidelines from the National Association of Pension Funds will include guidance on environmental issues for the first time.

UK - The Pension Protection Fund (PPF) has apologised to 41 pension schemes for a mistake in the organisation's advice over insolvency risk calculations.