Many employers offer their staff an opportunity to save for their retirement through an occupational (or company) pension scheme.
Those employees who join the scheme need to have confidence that the scheme is being well [...]
Pension Fund Articles & News
The changing role of the pension fund trustee: a roundtable discussion with Andrew Freeman (McKinsey & Co) and Carolyn Saunders (TaylorWessing) held on Wednesday 22 November 2006 at the City Club, 19 Old Broad Street, London EC2N 1DS, from 12.30-2.15pm.The role of the pension fund trustee has become increasingly difficult. Andrew Freeman said he had [...]
The £700 billion in UK retirement funds is under the stewardship of voluntary and unqualified volunteers. The Pensions Act will require them to have greater expertise – and will hold them legally liable if a scheme collapses. Savings in company pension schemes have historically been looked after by an army of well-meaning amateurs.
In [...]
Goldman Sachs Group Inc was sued on Monday by a large union pension fund that accused the Wall Street investment bank of overpaying its executives.
The International Brotherhood of Electric Workers fund filed the lawsuit in Delaware Chancery Court, seeking to recover money for the company on behalf of other shareholders.
It [...]
GUARDIANS of the HBOS pension fund today said they were dropping legal moves that threatened to delay the bank’s rescue deal with Lloyds TSB.
Trustees of the 80,000-member final salary scheme said Lloyds had asked them to “reconsider” in view of the implications of any delay on the takeover and planned [...]
German auto giant BMW may unload around $4.07bn (£2.5bn) of longevity risks from its UK pension scheme, the Financial Times has reported.
In what could be the biggest deal of its kind, the company is reportedly in talks to shift part of its pension liabilities to specialist reinsurers.
Deutsche Bank’s specialist unit [...]
UK pension funds saw average returns of 14 per cent in 2009, estimates released by BNY Mellon Asset Servicing have revealed.
According to the figures, these are the best pension fund returns since 2005, with an estimated real return of 14.9 per cent when measured against RPI inflation for 2009.
The estimates also [...]
