News

THE Pension Protection Fund (PPF) has appointed former Noriwch Union director David Heslop as its chief operating officer.

UK - The Pension Protection Fund (PPF) has appointed former Noriwch Union director David Heslop as its chief operating officer.

The Marathon Club - a collaboration of investment organisations, representing combined fund assets in excess of £170bn - has updated its practical guidance for trustees with a paper on long term responsible ownership.

UK - BAE Systems will have to inject more than £500m into its pension schemes this year after its deficit ballooned to £4.2bn, company reports reveal.

Watchdog rules pensions come before dividends; L&G doubles defaults cover; Pension liabilities can break deals; European investment funds slump; Tax clampdown on flexible pensions

More than 62% of employers do not offer their staff any kind of flexible benefits package, the first Vebnet Reward Survey reveals.

Industry calls for the relaxation of guaranteed minimum pension rules on survivor benefits have been ignored by the government, a consultant says.

HM Revenue & Customs is set to issue updated Government Actuary's Department tables to reflect lower gilt yields.

The Pensions Regulator has issued a statement to employers sponsoring final salary pension schemes about the impact of the current economic climate.

INDIA - India's New Pension System (NPS), to be opened to the public on 1 April 2009, has set out its proposed investment policy and member options for the first time.