News

US - Northwest Airlines, (NWA) supported by the Air Line Pilots Association, (ALPA) has filed a lawsuit to confirm that a restructured pension plan for its pilots is legal.

PM hopes to give FAS payments 10pc boost; Rank scraps dividend and slashed budget as bingo group's numbers suffer; Markets confused by banks' aid

UK - The London Borough of Enfield pension fund has pulled £25m (US$51m) from its allocation to UK property in favour of European markets.

ABERDEEN Asset Management has announced that Gary Bartlett will take over as head of fixed income on January 1.

UK - The Conservative Party has said it will not guarantee its support for the Pensions Bill unless changes to means testing are made.

THE SOCIAL Housing Pension Scheme has appointed Colin Small as chairman.

UK - Steve Ilott, head of fixed income at Aberdeen Asset Management, is to hand over the running of the group's fixed income business to his colleague Gary Bartlett.

DAVID NORGROVE has been reappointed as chairman of the Pensions Regulator for a further three year term.

GLOBAL - PGGM, the Canadian Public Sector Pension Investment Board (PSP Investments) and Retirement Benefits Fund Board of Tasmania (RBF) have committed to infrastructure in two separate deals led by Australian consortia.

UNIONS campaigning against BAA's plans to close its final salary pension scheme to new entrants have urged the company to back down.