News

SIEMENS staff have taken a step closer to strike action over plans to close the firm's final salary pension scheme.

Schemes will not investigate the use of derivatives and swaps unless trustees are educated about them, delegates were told.

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Aberdeen Property Investors has launched a Russian property fund targeting pension schemes and other institutional investors.

STAKEHOLDER pensions are no longer the cheapest option and offer "very limited" investment choice, Hargreaves Lansdown has said.

UK - Major asset allocation changes have followed the switch by the Philips UK Pension Fund to a liability driven investment (LDI) strategy.

Final salary schemes could be among casualties of the fallout from the US sub-prime mortgage crisis, consultants warn.

Balanced pooled funds saw median returns of -0.3pc in August, BNY Mellon Asset Servicing's latest CAPS figures reveal.

Journalists at a regional newspaper group have been given salary increases following the closure of their final salary pension scheme.

High street retail chain BHS has updated its paper-based flexible benefits package to an online system from Vebnet.