News

SOUTH AFRICA - A senior executive of Alexander Forbes, the service provider which recently escaped corruption charges, has been criticised for advice given to two South African municipal pension funds whilst working as an actuary for NBC Employee Benefits....

US - San Diego's retirement board has voted to speed up the payback of the US$1bn pension fund deficit in the San Diego City Employees' Retirement System (SDCERS), by swtiching from a 30-year to a 20-year payback schedule.

PENSION schemes are being "left in the dark" about companies' policies on equal pay a new survey has claimed.

UK - Schroders has launched a third generation liability driven investment (LDI) platform aimed at reducing investment uncertainties by bringing a closer match to assets and liabilities.

THE PENSIONS Action Group is to hold a protest outside Parliament on Wednesday to coincide with Gordon Brown's final budget.

MORLEY Fund Management has launched a UK equity long-short hedge fund in a bid to grow its absolute return offering.

THE PENSION Protection Fund has appointed five fund managers to help increase its assets to £5bn over the next two years.

PENSIONS firms are failing to prepare for business disruption despite recording a "dramatic increase" in the level of upheaval, research by the Chartered Management Institute reveals.

UK - Unions and age charities have voiced their opposition to the Department of Work and Pensions' (DWP) proposal to limit annual contributions to personal pension savings.

Insurers attack new pensions scheme; PPF opts for managers; Buy-outs lay legal pitfalls for trustees; Call to overhaul pension relations