News

US - Hillary Clinton has unveiled proposals for a new retirement account which would take the best of 401(k) plans and make them available to all Americans to encourage national savings and economic growth.

PERSONAL accounts will not do enough to stem the current decline of occupational pensions, the Association of Consulting Actuaries has said.

Here it is - a full list of the winners of the Pension Scheme of the Year Awards 2007.

UK - Some 714 additional defined benefit (DB) pension schemes covered by the Pension Protection Fund (PPF) are in surplus compared to a year ago, according to the organisation's most recent index results.

UK - The British Coal Staff Superannuation Scheme (BCSSS) has doubled its allocation to alternative assets over the past year, with a plan to increase this to 20% of the fund's entire value, according to the latest BCSSS annual report.

Sainsbury family threat to derail £10bn Delta Two over pensions; New wave of strikes to cripple postal services; Wraps off ‘Friends Financial'; BAA tries to reassure investors over debt

EUROPE - The European Commission has adopted an amended proposal to reduce obstacles to workers' mobility by improved access to and better preservation of supplementary pensions rights.

Including: UK - Hard life for 21st Century trustees; AUSTRALIA - Illiquid assets take risk appreciation; US - NYSTRS head to retire

GLOBAL - Emerging markets' ability to retain profitability through this summer's credit crunch may be partly due to their improved governance, according to industry commentators.

DEFINED benefit schemes have an aggregate surplus of £44bn, latest figures from the Pension Protection Fund reveal.