News

Pensions surplus poses problems; Alliance Boots' trustees in strong position with KKR; Royal London in bid talks with Royal Liver; Airwave workers set for deal on pensions; Pension raids

TYPICAL earners will retire on an income equivalent to little more than the minimum wage, latest research by Fidelity International reveals.

SBJ GROUP has bought the pension trustee training business of Comberford Trustee Services for an undisclosed sum.

UK - London Borough of Lambeth treasury manager Harry Musisi has described the removal of Advanced Corporation Tax (ACT) as only one of the causes for pension deficits.

THE PENSIONS Regulator must use its powers to make an example of trustees who fail to pay proper attention to a sponsor's covenant, an adviser says.

UK - F&C Asset Management has disclosed a drop in its Q1 institutional fund figures to the London Stock Exchange.

US - A retired former employee of Fremont General Corp has sought to bring a class action lawsuit against the company in order to recover "millions" of lost pension fund dollars.

US - Democrats in Alaska have stepped up campaigns to reinstate defined benefit (DB) pensions to public sector workers two years after state legislation converted public schemes to defined contribution (DC).

THE INSTITUTE of Chartered Accountants of Scotland has issued guidance to help trustees with their decision making process.

Interest rates near restrictive level; Browder raises $625m to broaden share activism; ABN shareholders attack board; Upbeat L&G's sales miss estimates