News

The judges have continued their deliberations and have drawn up more shortlists for this year's UK Pensions Awards.

UK - Having piled record amounts into their pension funds to close deficits, many companies are creating devices to minimise the risk of trapped surpluses.

SCHEMES are decreasing their UK equity exposure in favour of overseas markets and high alpha products, research by Hymans Robertson says.

INVESTORS will have to learn to adapt their asset allocation as climate change takes hold, a senior investment strategist has warned.

CYPRUS - The Electricity Authority of Cyprus (EAC) has reached a tentative out-of-court deal with a stockbroker charged with embezzling CYP£8m (US$18.1m) from the company's pension fund.

ITALY - Hewitt Associates has acquired Italy-based Adelaide Consulting and opened a new office in Rome, as the firm expands its range of HR consulting and actuarial services in the market.

TIGHT regulation of defined contribution schemes will limit choice for members, delegates at the Professional Pensions Scheme Administration Show heard.

HIGH earners should avoid being tempted into making pension contributions up close to their lifetime allowance, Watson Wyatt warns.

Australia - The Australian Securities and Investments Commission (ASIC) has obtained consent orders against Sonatane Haiton Hafoka for his involvmenet in running an unlicensed financial sevices business that offered people early access to their superannuation...

US - Illinois governor Rod Blagojevich has announced plans to privatise the state lottery and sell US$16bn in bonds in a bid to rescue the state's beleaguered pension fund.