News

CANADA - Railroad operator Canadian Pacific Railway plans to make a voluntary contribution of C$500m (US$477.34m) to its defined benefit plan, the firm said.

UK - The National Association of Pension Funds has called on the government to skew gilt issuance towards long-dated and index-linked gilts.

GERMANY - Deutsche Bank has set up a pension asset-pooling vehicle in Luxembourg aimed at its employees' pension assets and at other companies' funds.

US - California Public Employees' Retirement System board member Charles Valdes agreed to pay US$12,500 for accepting campaign contributions in excess of the legal limit for CalPERS board members.

Pension funds call for more long-dated gilts; BSkyB and Carphone to fight proposal on BT pension fund; £2000 public pension gap

Logica has confirmed it is set to close its final salary scheme to existing members as part of a restructure of its UK pension arrangements.

The National Association of Pension Funds has called on the government to skew gilt issuance towards long-dated and index-linked gilts.

Defined benefit pensions in the public sector are worth more as a share of the total remuneration package than they are in the private sector, research shows.

Voting on the final shortlist of Pendragon's ever-popular Art of Pensions competition has begun.

Pension transfer times significantly fell during the first three quarters of the year due to the Options initiative, data from the Association of British Insurers reveals.