Sebastian Cheek talks longevity swaps

How DC schemes are coping with volatility

UK - Kent County Council has come under fire from campaign groups for investing £24m ($39m) of its pension fund portfolio in tobacco companies.

Kent County Council has come under fire from campaign groups for investing £24m of its pension fund portfolio in tobacco companies.

UK - The Society of Pension Consultants has urged government to pass legislation defining money purchase benefits immediately, or risk schemes not operating correctly.

SL Investment Management has appointed Louise Witts as a senior actuary within its product and proposition development team.

The Society of Pension Consultants has urged government to pass legislation defining money purchase benefits immediately, or risk schemes not operating correctly.

Prestige car retailer H.R. Owen has agreed a series of annual £50,000 contributions with its trustees to address the defined benefit scheme's deficit.

The Nova Chemicals UK Pension Plan has agreed a £30m buyout with Pension Corporation covering the liabilities of its 155 members.

UK - Recent market turmoil could force companies to pay significantly higher contributions or increase the length of deficit repayment periods, Towers Watson warns.