News

Pension schemes should be forced to tell retiring members about the benefits of open market option annuities, Living Time says.

Growth in the number of managers offering "off-the-shelf" liability-driven investment solutions could reduce scheme closures, KPMG claims.

Freshfields drop claim against ex-partner; Heat builds on Standard board; Telegraph pensions dispute escalates; Banks feel the pinch as covered bond trading is suspended

UK - Express Newspapers and Telegraph Media Group have accused each other of being "irresponsible" as the dispute over the West Ferry Printers' Pension Scheme deficit continues.

Pension Protection Fund levy increases have been over-cautious and are an attempt to build a "buffer fund", delegates were told.

PricewaterhouseCoopers is urging employers to take more control of scheme funding agreements to avoid being caught out by trustee demands and missing regulatory deadlines.

UK - Personal Accounts may not increase pension saving to the extent the government hopes as employers opt out of current schemes in response to the reforms, according to a report from the Pensions Policy Institute (PPI).

Pension buyout solutions which try to avoid regulation by both the pension and insurance industry are "doomed to failure", Paul Thornton has claimed.

IRELAND - The Irish Association of Pension Funds (IAFP) has urged the industry to look long term in light of its 7% or €7bn (US$10.4bn) downturn so far this month.

INCLUDING: NORDIC - Northern Trust strengthens Nordic team; UK - Henderson adds to SRI team; INDIA - Cordea Savills and Nichani Group in joint venture; UK - Barrie and Hibbert head appointed; UK - Mercer establishes South West presence