News

CANADA - The Nova Scotia government is looking to amend its legislation to ensure all pension plans are fully funded when a company leaves the province or winds down its pension plan.

UK - Airport workers are set to decide if they will strike over pension concerns, in a move which could throw Christmas travel into chaos.

STATE Street Corporation has launched a private equity index in a bid to provide investors a benchmark for their portfolios.

CANADA - The Alberta government has agreed to fund C$6.4bn in liabilities in the Teachers' Pension Plan, removing the burden from taxpayers.

The Financial Reporting Council has launched the full report into its review of the Combined Code on Corporate Governance, with two proposed amendments.

UK - The outlook for defined benefit (DB) pension plans is uncertain with less than 40% of schemes still open and over a third of these likely to close within the next five years, according to the results of Alexander Forbes Financial Services annual...

UK - Providers must urgently update their projection models before pensions' deficits reach catastrophic proportions, a leading academic has claimed.

IRELAND - Workers face an uncertain future as a quarter of all adults have made no provision of any kind to see them through retirement.

NETHERLANDS - Food producer Royal Cosun has appointed State Street Corporation to provide investment services to its three pension funds.

OCCUPATIONAL PENSIONS TRUSTS has appointed Peter Scales and Paul Spencer to its pensions trust's board.