News

4000 ex-civil servants have £1m pension pots; Report on Equitable collapse delayed again; UBS moves to strengthen capital after $10bn write-down

UK - Defined benefit (DB) schemes will now be able to use bonds to immunise against inflation and market risk, according to PensionsFirst.

INCLUDING: NETHERLANDS - Appointments at PGGM; GLOBAL - Sinopia names global chief executive officer; UK - DB schemes hit in November; US - CalSTRS announces real estate consultant

US - The Teachers' Retirement System of the State of Illinois (TRS) Board of Trustees has appointed $250m to private equity investments.

THE PRIME minister and chancellor are blocking department for work and pensions' attempts to rescue 120,000 victims of wound-up pension schemes, the Pensions Action Group claims.

GLOBAL - Risk aversion among banks and a weighty legal burden caused by the global credit crisis has severely hampered pension schemes abilities to use derivatives-based liability hedging, according to Watson Wyatt.

The government of US town, Milford, is considering pulling out from the New Hampshire Retirement System (NHRS) because of its funding level.

DEFINED benefit pension schemes have fallen back into a aggregate deficit of £5bn after recording an overall surplus in October.

A-DAY simplification should be followed by "R-Day" reforms aimed at helping people get the best value for money from their accumulated pension pots, Living Time believes.

UK - The prime minister and chancellor are preventing the Department of Work and Pensions (DWP) from rescuing the pensioners whose company schemes collapsed since 1997, according to the Pensions Action Group (PAG).