FIRMS with pension scheme surpluses could see them turn to deficits following an accounting ruling on prudent funding, Punter Southall warns.
Banking giant Lloyds TSB will give enhanced pensions to workers made redundant following the downsizing of its Cheltenham & Gloucester Building Society arm.
US - New York State Common Retirement Fund (CRF) now has a funded ratio of 104% and is progressing well, according to state comptroller Thomas DiNapoli.
COMPUTER firm Evesham Technology has blamed its collapse on the government's decision to axe its Home Computer Initiative.
FIDELITY has launched a bond plus fund in a bid to target scheme demand for higher returns.
Russell Investments has won a £2bn global equity multi-manager mandate from Barclays Bank UK Retirement Fund.
Large and medium-sized schemes will be targeted by Equiniti Benefit Solutions, the new name for third-party administrator Lloyds TSB Registrars.
SCHEMES saw surpluses fall by over £48bn during July, latest figures from the Pension Protection Fund reveal.
AXA subsidiary Thinc Group has taken over award-winning employee benefits consultant PIFC Consulting.