News

The Liberal Democrats have accused ministers of "cherry-picking" reform proposals.

Telent pension scheme trustees have assured members benefits will not be affected after a £398m takeover deal for the rump of Marconi was confirmed.

The number of private sector employees in open defined benefit schemes has halved since 2004 and will continue to fall unless the government backs shared-risk schemes, actuaries warn.

UK - According to reports, trustees of the BT Pension Scheme have considered implementing a new business plan for Hermes, the fund's spin-off investment business, which will be announced later this month.

Prudential has launched a new income drawdown facility which completes its holistic flexible retirement plan.

The bulk buyout market needs to convert just 5pc of third quarter quotations to start showing growth, Aon Consulting claims.

Next year could be the beginning of the end for the "golden age of retirement", a study by Prudential warns.

EUROPE - The implementation of the Institutions for Occupational Retirement Provision (IORP) Directive has caused "significant impact" across the EU, according to the European Federation for Retirement Provision (EFRP).

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

INCLUDING - ASIA - New Co-Head of Asia Pacific Distribution for Credit Suisse, TURKEY - Fortis launches in Turkey, EUROPE - Crowe leaves BNY Mellon, UK - Watson Wyatt appointments; UK - New sales director at Aon