News

UK - The Department of Health has rejected accusations by the Conservatives that its pension scheme's debt has deepened by £61bn in two years.

An extension of the right to request flexible working will boost British business rather than undermine it, employment experts believe.

STATE Street has been appointed to provide custody and other services to five pension schemes.

FIDELITY International is working on new "DB-lite" investment strategies as companies consider reopening closed final salary plans.

Prime minister Tony Blair is being challenged to give a government assurance that workers will be better off by joining the proposed personal accounts pension scheme.

Fidelity gets ‘eee' rating

Trade unions have warned trustees against investing in "amoral asset strippers and casino capitalists" by allocating cash to private equity.

The first shortlists for this year's UK Pensions Awards have now been drawn up by the judging panels.

UK - The deadline for pensions schemes of insolvent companies to qualify for the government's Financial Assistance Scheme (FAS) has been extended to 31 August 2007.

PENSION funds are looking at new issues of long-dated emerging market debt to play a role in matching liabilities, fund managers say.