UK - Pensions professionals are still underestimating the effect of increased longevity on their schemes, an exclusive Hewitt poll revealed.
GERMANY - Hewitt Associates has completed the merger of its German businesses.
Watson Wyatt has hired Paul Herbert from Hewitt Associates to its expand its defined contribution investment team.
US - Major US employers expect to increase contributions to their pension plans to get a handle on soaring liabilities, a Hewitt Associates report revealed.
IRELAND - Ireland is set to create a separate single pension scheme for all new entrants to the public service in a bid to reduce the state's pension bill, minister of finance Brian Lenihan said yesterday during the presentation of the 2010 Budget.
Construction company Costain has closed its £450m DB scheme to future accrual.
Proposed changes to IAS19 will dramatically increase reported pension costs, Hewitt Associates said.
Proposed changes to IAS19 will dramatically increase reported pension costs, Hewitt Associates says.
EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.
UK - Personal accounts will definitely see its name changed before its introduction in 2012, Helen Dean said.