News

THE Association of Consulting Actuaries is continuing to push for changes to current legislation which would enable risk-sharing schemes to flourish.

SAINSBURY'S pension fund trustees are in a weak position to negotiate with the supermarket giant's prospective buyers, consultant Punter Southall warns.

UK - Railpen Investments and Pensions Management (rpmi) has started offering full pensions administration for defined benefit (DB ) and defined contribution (DC) schemes.

FRANCE - Jean-Louis Nakamura, CIO of the Fonds de Reserve pour les Retraites (FRR), has left to join the Etablissement de Retraite Additionnnelle de la Fonction Publique (ERAFP) as CEO.

INCLUDING - GERMANY - JP Morgan new hires; GREECE - Ministers meet to discuss pensions; EUROPE - Focus on climate change; UK - Cartesian Capital awarded mandates

Sainsbury's urges Delta to win over pension trustees; Rivals in talks on Resolution deal; Bank holds rates to assess results of past rises

US - The Teachers' Retirement System of the State of Illinois (TRS) has appointed an investment officer to oversee its emerging managers programme.

THE cost of living for the over 65s is rising faster than the national average, figures from Prudential reveal.

Employees are likely to get better investment choice under a contract-based defined contribution scheme than one run by trustees, Truestone Employee Benefits claims.

TRUSTEES should prepare themselves in advance for the possibility of their sponsor company being taken over or merged with another firm, Hymans Robertson urges.