News

SCHEMES investing in French property enjoyed better returns in 2006 than those focusing solely on the UK, new figures reveal.

A-DAY helped Tesco cut the IAS19 deficit in its defined benefit pension scheme to £950m during the last financial year, latest company results show.

Financial services giant HSBC has formed a new business dedicated to institutional defined contribution scheme administration.

THE BRITISH Tourist Board‘s Staff Pension and Life Assurance Scheme has hired Hymans Robertson to provide investment advice.

WINTERTHUR Life has added the PSigma Income fund to its tailored selection fund range for individual pensions.

Top TV comedian Jimmy Carr will be the host of this year's UK Pensions Awards at London's Grosvenor House Hotel on Tuesday.

Schemes face another multi-billion pound raid from chancellor Gordon Brown because he is ignoring advisers over National Insurance contracting-out re-bates, consultants claim.

Over-cautious advice is preventing trustees from making important changes to schemes, First Actuarial claims.

Friends Provident is marking its 175th anniversary by launching a "history" section on its website.

THE DEPARTMENT for work and pensions has scrapped regulations that could have made it harder for closed schemes to wind up.