News

US - KLA-Tencor Corporation has agreed to pay $65m to settle a shareholder lawsuit involving retirement systems from Louisiana, Philadelphia and Detroit.

FINLAND - Tapiola Pension's investment income has dropped to 4.1% during 2007, down from 6.8% in 2006, despite all asset classes performing positively.

Pensions Action Group campaigner Ros Altmann has urged trustees and administrators to ensure they are doing all they can to speed payouts to wind-up victims.

MP's Pension Pot Top-up; Massive fraud at SocGen jolts credit markets

US - Ohio attorney general Marc Dann has accused Freddie Mac of "intentionally participating in one of the largest housing investment deceptions in modern US economic times", in a lawsuit filed on behalf of the Ohio Public Employees Retirement System...

SCOTTISH LIFE has added four investment managers and 16 funds to its core investment range.

Financial services giant Prudential has betrayed pensioners by reneging on an agreement to raise benefits in line with price inflation, the scheme's retired manager claims.

UK - Almost nine out of ten defined contribution (DC) scheme experts believe employees look for workplace advice on pensions.

SWEDEN - Pension funds look financially healthy enough to be able to ride out most of the negative effects of the current economic climate, according to research conducted by the Swedish Finans Inspektionen (FI).

UK - The new secretary of state for work and pensions James Purnell says he will be getting on with the big decisions for the future, following Peter Hain's resignation yesterday.