News

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).

DWP and Treasury locked in battle over pension compensation; Paternoster wins deal for Lasmo pensions; Solvency regime still hangs over DB funds; Worldwide appetite for bonds wanes in wake of credit squeeze

European pension funds have given African pension funds advice on how to use beta effectively in a pension fund portfolio.

UK - According to a report by FairPensions, the UK has recognised the need to address environmental, social and governance (ESG) issues, but many well known companies are still dragging their feet on climate change and human rights.

THE GOVERNMENT has gone out to consultation on draft regulations which will allow self invested personal pension schemes to hold protected rights.

THE CREDIT crisis is delaying the execution of derivatives-based liability hedging strategies for pension funds, Watson Wyatt warns.