News

AUSTRALIA - Watson Wyatt has poached Martin Goss as a Melbourne-based senior investment consultant from Mercer, where he was a principal.

THE 6000 MEMBER MG Rover Pension Scheme has become the biggest fund to formally transfer to the Pension Protection Fund.

THE TRUSTEES of J Sainsbury Pension Schemes have no power to force a private equity bidder to put more cash into the fund, a consultant claims.

US - BNP Paribas has created a specialised Americas Pensions Team, based in New York, to enable North American pension plans to gain access to the firm's global products.

US - BNP Paribas has created a specialised Americas Pensions Team, based in New York, to enable North American pension plans to gain access to the firm's global products.

US - The California Public Employees' Retirement System (CalPERS) has voiced objections to the move by two of its major shareholdings to buy up part of bankrupt oil giant Yukos.

PERU - President Alan García Pérez yesterday passed a new law, ‘la Ley de la Libre Desafiliación de las AFP', which will enable Peruvians previously registered in the private pension system (SPP) to switch back to the state pension system (SNP).

AVIATION support services company Alpha Group has cut the deficit in its defined benefit pension schemes by £9.6m.

PPF saves pensions of Rover staff; Biggest pension funds' deficits fall by 40pc; ITV admits Allen left with £5.5m payoff

SCHEMES are in danger of missing March deadlines for submitting valuation and recovery plan information to the Pensions Regulator, Hewitt Associates warns.