News

FRANCE - French president Nicolas Sarkozy's long awaited announcement on pension reform has been met with harsh criticism by some trade unions who claimed it was unfeasible

The Actuarial Profession has issued a briefing note explaining how with-profits policies work.

PUNTER SOUTHALL has launched a Pension Protection Fund assessment period service in a bid to help trustees manage the challenges of entering the lifeboat fund.

AUSTRALIA - The Association of Superannuation Funds of Australia (ASFA) has hailed changes to the Age Pension because it should enable 300,000 citizens to benefit from higher payments.

NORWAY - Knut Kjær has resigned as head of Norges Bank Investment Management (NBIM), which manages the US$328bn Government Pension Fund - Global.

THE INFLATION rate for the elderly remain significantly higher than the official rate, research reveals.

Flexible working opportunities will be an important factor for half of employees when they choose their next job, research has found.

Xafinity Consulting is hosting two free workshops on the design and implementation of flexible benefits plans.

Royal Bank of Scotland Group is putting total reward statements online and introducing text messaging to promote its flexible benefits package to staff.

SWEDEN - State Street Global Advisors (SSgA) has lost out on SEK31bn (US$4.6bn) as part of the seventh AP fund's (AP7) passive management shake up.