News

Pensioners who have been receiving payments from pre-2003 scheme wind-ups may be forced to pay back some benefits following a High Court ruling.

Zwirn winds down principal funds; Scheme closure boosts Zetex; Price-cutting leads to jump in retail figures

THE National Association of Pension Funds has backed government plans to consult on the issue of conditional indexation and risk sharing.

Improvements in the pension scheme funding positions over the past six months are "illusory" due to a freak deviation in corporate bond yields, PricewaterhouseCoopers claims.

THE Pensions Regulator has published a consultation document on guidance relating to conflicts of interest.

US - A bill to move teachers from 401(k)-style retirement accounts to the defined benefit (DB) West Virginia Teachers Retirement System has been amended following pressure from teachers associations.

DENMARK - ATP recorded a 5.9% annual investment return of DKK21.3bn (US$4.2bn) before tax over 2007 but lost a considerable amount through its hedging activities.

UK - Hewitt has expanded into "delegated services" following demand from a number of clients.

BELGIUM - Belgium could have an influx of pan-European companies looking to create pension funds in the country if Nestlé's decision to test new laws is successful.

UK - Transition management has become increasingly widely used by pension funds as they have grown aware of its possible benefits.