News

The Unison pension fund has awarded Standard Life Investments a £140m active equity mandate.

Company pension deficits shrink; Trinity Mirror launches £175m buy-back; King set for second term at Bank as Brown puts stability first; Taxpayers' backing for Rock hits £50bn; Tax Dept. loses 6,500 pension records

US - The vast majority of large corporate pension plans are financially healthy, according to a survey by the Committee on Investment of Employee Benefit Assets (CIEBA).

UK - The Pensions Policy Institute (PPI) has released its latest projections of future eligibility for means tested benefits, showing some considerable changes from last year.

GERMANY - Mercer has acquired Höfer Vorsorge-Management, a German actuarial and retirement consulting firm, expanding its 300-strong employee base to more than 500.

US - A consortium of long-term infrastructure investors, including the Canada Pension Plan Investment Board (CPPIB), has filed an application with the Washington Utilities and Transportation Commission (WUTC) to request its approval in connection with...

NEW ZEALAND - The government's KiwiSaver superannuation scheme has brought additional complexity and new fiscal risks, because of the high cost of generous incentives, according to a report from the Retirement Commissioner.

CANADA - Workers have won legal protection for their wages and pension contributions when their employer goes bankrupt, following the approval of a new Bill.

GLOBAL - MSCI Barra has launched a new series of benchmark indices for 19 frontier market countries and the MSCI Asia APEX 50 Index, a tradable Asian index.

US - Public sector pension funds face a US$731bn funding gap over the next 30 years as the cost of pension promises, health care obligations and other related benefits have not been met by sufficient levels of saving at state level.