News

US - Verizon retirees have sued the telephone company alleging they had been illegally transferred and, as a result penalized, to the pension plans sponsored by Idearc, a now bankrupt company.

GLOBAL - The majority of institutional investors around the world will not renew commitments to existing private equity managers in 2010, a survey by Coller Capital revealed.

NETHERLANDS - The Stichting Notarieel Pensioenfonds (SNPF) has hired AEGON Asset Management to run a fixed income brief incorporating a portable alpha strategy, AEGON said.

The Financial Services Authority has urged advisers to think "very carefully" before using accelerated pension drawdown schemes.

Aon Consulting says a client has been warned by the HM Revenue & Customs that its employee benefits trust scheme used for high earners could face immediate tax charges.

PensionDCisions has teamed up with Professional Pensions to launch its 2010 Sponsor Default Survey.

Lloyds plans to cut pension scheme benefits

Nearly two-thirds of pension managers believe personal accounts will not go ahead in their current form.

Trustees need better access to company information in a bid to monitor covenants more effectively, a Hewitt poll reveals.

John Quarrell and his trustee firm Quarters Trustees have been struck off in a damning ruling from The Pensions Regulator's determinations panel.