News

INCLUDING: UK - Schroders announces interim results; NETHERLANDS - ORTEC Finance created; US - State Street expands capabilities in alternative investments arena; JAPAN - Success for DIAM International

UNISON has welcomed the start of consultation on a new and improved pension scheme for Scottish local government workers.

New measures which stop trustees of schemes in wind-up buying annuities without approval of the Financial Assistance Scheme have been welcomed by campaigner Ros Altmann.

Trinity Mirror cuts deficit

THE PENSION Protection Fund has unveiled a system to enable it to calculate its long-term risks.

Rolls-Royce has cut its pension deficit in the UK to just £120m following the first phase of its plan to inject £500m into the schemes.

Scheme liability valuations can vary by up to 10pc because outdated discount rating methods are being used, PricewaterhouseCoopers claims.

LEONA Nicholson is set to rejoin Bank of Ireland Asset Management as head of Irish equities and head of global equity product.

FIDELITY International is urging prime minister Gordon Brown to make small changes to the law to improve pensions for millions of workers.

TRUSTEES are not assessing asset allocations regularly enough, BlackRock claims.