News

SCHEMES are being forced to choose between delaying wind-ups or facing heavy tax charges, actuaries claim.

SCHEME managers are urging ministers to delay implementing the new-look Local Government Pension Scheme in order to remedy "flaws, omissions and confusion" with regulations.

Citi joins race for pension transfer; L&G in alliance on bulk annuities; Pension funds lose £27bn in market turmoil; Stock market rout as blue chips lose £60m

UK/IRELAND - As the credit crunch rumbles on, actuaries and industry professionals have sent out a clear message to pension funds - do not panic, yet.

AN increasing number of women are shunning pensions and looking at property to provide for their retirement, thepropertyinvestmentmarket.com claims.

UK - The Pensions Regulator has taken companies to court over outstanding levy payments, as part of a programme to collect monies due, and ensure future payments are made on time.

JAPAN -The Japan Pension Funds Association has revealed a potential list of new investment allocations into areas such as real estate, hedge funds, infrastructure, commodities and an expansion of private equity.

GERMANY - OVB Holding AG, a financial sales organisation, plans to increase the proportion of company pension plans (bAV) business in the medium term to 15% of its total sales in Germany.

Here they are - the first shortlists for the prestigious Pension Scheme of the Year Awards.

US - Northern Trust's assets under custody in cross-border pooling vehicles have doubled to US$24bn since 2006, it announced.