News

Pension Protection Fund proposals that aim to give schemes greater financial planning certainty will lead to unfair levies, First Actuarial claims.

Universities Superannuation Scheme is expecting to save up to £750,000 a year through a new commission recapture service.

THE WORK and Pensions Committee of the House of Commons is to hold an evidence session on personal accounts following the government's response to the committee's report.

HENDERSON Global Investors has released a guide to UCITS III aimed at advisers and scheme trustees.

New principles outlining how administrators can improve their services to pension schemes have been welcomed by providers.

UK - Global electronics giant Siemens has been hit by threats of a strike after announcing plans to close its defined benefit (DB) scheme to UK members in a move that will affect 6000 employees.

UK - Government deregulation could hold the key to stopping the rush from defined benefit (DB) to defined contribution (DC) schemes, according to a survey from the National Association of Pension Funds (NAPF).

Funds contemplate a complex relationship with commodities; Old Mutual set for £350m buy-back; Leading Merrill bankers quit over sub-prime woes; Rock secures £10bn funding package

DENMARK - Pensionskassernes Administration (PKA) has committed DKK400m (US$75m) to a real estate project in Manhattan, New York.

Consultant Watson Wyatt is ending final salary pension provision and switching to a career average scheme.