News

FOR every £1 a private sector worker contributes to their pension they pay 91p in tax towards a public sector employee's pension, research from the Liberal Democrats reveals.

ECB forced to inject cash into banking system as US mortgage malaise spreads; Schroders profits leap 40pc at half time; Postal action suspended; BVCA chief moves on

US - Plan administrators who fail to give employees notice of the right to sell company stock in their pension plan accounts could now be punished after the US department of labor finalised regulations.

CANADA - Bob Hanna has been appointed as assistant superintendent for the regulation sector at the Office of the Superintendent of Financial Institutions (OSFI).

UK - Aon Consulting has flagged up issues of concern in relation to proposals from the Pension Protection Fund (PPF) regarding the calculation of the PPF levy for 2008-09.

Scheme liability valuations can vary by up to 10pc because outdated discount rating methods are being used, PricewaterhouseCoopers claims.

THE London Borough of Waltham Forest Pension Fund is coming to the end of a complete restructure.

FOUR out of five trustees think they should be dedicating more time to their defined contribution pension plan.

UK property investors are looking to Europe, which offers better returns and less risk than their home market, a fund manager claims.

AP INFORMATION Services has launched a new enhanced version of its Pension Funds Online website.