News

A leading scheme manager is urging ministers to reconsider their timetable for implementing a new-look Local Government Pension Scheme.

Publishing group Reed Elsevier is retaining its defined benefit pension plan but new employees face a three-year vesting period before they can join it.

AUSTRALIA - Parliament has passed amendments to the Superannuation Legislation Amendment (Simplification) Bill 2007 that were introduced by Revenue minister and assistant treasurer Peter Dutton earlier this month.

PENSION policy during Labour's 10 years in power have been "wasted" and are a major disappointment, industry experts claim.

US - CalSTRS made real estate commitments worth US$3.7bn in the fourth quarter of 2006 through partnerships and co-investments.

AUSTRALIA - Janus Capital has confirmed it is to open an office in Australia to target institutional investors in Australasia, as exclusively revealed in Global Pensions' February edition.

If prime minister Tony Blair really wants to leave a "legacy" when he eventually quits Downing Street, there is a gift-wrapped opportunity on his doorstep.

Insurers have urged the government to ensure personal accounts do not undermine existing pension provision after providers posted record new business in 2006.

FUND managers increased their equity allocation to a 10-month high in February as fears of an economic slowdown receded, survey data reveals.

THREE-quarters of Legal & General's contracted-out customers do not want to re-enter the state second pension, early results from the company's annual customer mailing show.