News

Government claims that everyone should save for retirement irrespective of the effect on means-tested benefits is "plain crazy", Scottish Life claims.

US - The funding ratios of US pension funds fell by 4% to approximately 110% during the third quarter of 2007, according to UBS Global Asset Management.

More than 90pc of schemes believe their governance related workload will increase over the next few years, research shows.

Crisis ‘action' makes me a cynic

THE UK Social Investment Forum has named the British Telecom, Friends Provident and Stagecoach pension funds as the top ranking schemes for responsible investment.

Defined contribution scheme members need nearly 50pc more paid into their plans to have a comfortable retirement, Mercer research shows.

Oil giant Shell UK is taking a pension contribution holiday after an actuarial valuation showed its £12.1bn defined benefit scheme is "heavily" in surplus.

Schemes can get the main benefits of hedge fund investment without the associated high fees by using 130/30 funds, JPMorgan claims.

UK - New research from Watson Wyatt has found that 70 % of senior new hires at large UK companies are now offered a defined contribution (DC) pension.

Software provider Focus Solutions is launching an "out of the box" extranet solution for the sale of self-invested personal pensions.