News

UK - Pension Corporation has learned from the mistakes it made in the takeover UK telecoms firm telent and will bring trustees on side in future deals, a senior executive has told Global Pensions.

SMALL bespoke self-invested personal pension providers are at the greatest risk of going out of business as a result of market consolidation, JLT Benefit Solutions says.

UK - A rescue package has finally been announced for up to 140,000 people who lost savings when their employer-sponsored pension schemes collapsed.

UK - The suggestion by Goldman Sachs Asset Management (GSAM) of using a liability driven investment (LDI) strategy as a way to control the Pension Protection Fund (PPF) levy has met with mixed responses.

SOUTH KOREA - The National Pension Service (NPS) has confirmed it is to invest almost US$22bn over the next ten years as it seeks to buy into energy and mineral resources.

WEIR GROUP has agreed to sell off part of its £550m pension scheme to Legal & General.

INCLUDING: UK - Funds not measuring performance; UK - Crum joins Hewitt; UK - ACE launches Elite

THE BOARD for Actuarial Standards is set to hold meetings in London and Edinburgh to discuss its proposals for a new framework for technical actuarial standards.

Managing Partners Limited is set to launch a property fund to take advantage of market volatility.

UK - P&O has partially transferred its pension fund to Paternoster in a deal worth £800m.