Legal & General agrees £1bn pensions deal with Pilkington
Legal & General and Hannover Re have reached an £1bn agreement to insure Pilkington’s staff pension fund against the risk of its members living longer than expected.
Read More: The Telegraph – Pensions
Cheer for workers as company pension funds deliver positive returns
A new survey shows that the average defined benefit pension fund in the UK grew by 3pc in 2011, compared with a 5.5pc fall in the FTSE 100 index.
Read More: The Telegraph – Pensions
Uniq trustees sell pension assets
Move ensures that the 20,000 members will not have to rely on the Pension Protection Fund to make up any shortfall in their retirement benefits
Read More: FT – UK Companies
Pension Protection Fund faces Polestar test
PPF to be saddled with one of its biggest liabilities in its seven-year history as the printing group’s scheme seeks to wind up itself up
Read More: FT – UK Companies
BofE move may raise pension fund liabilities
Bank’s attempt to stimulate economy by purchasing gilts could increase company pension scheme liabilities by £30bn, says NAPF chairman
Read More: FT – UK Companies
Pension shortfall nearly doubles in September
Pension Protection Fund says aggregate deficit of all schemes soared to £196.4bn at the end of last month, from £117.5bn at the end of August
Read More: FT – Pensions
Pension funds ‘further into red’
The UK’s pension schemes have moved further into the red for a second consecutive month, the Pension Protection Fund says.
Read More: BBC News – Your Money
Fees knock 25pc off the value of your pension fund
New figures reveal that fees and charges can wipe a quarter off the value of a personal pension fund.
Read More: The Telegraph – Pensions
Pension conundrum at UK banks
Of the big four high-street groups, only HSBC now boasts a market capitalisation greater than its pension fund liabilities
Read More: FT – UK Companies
University pension scheme hands CEO £50,000 as members revolt
USS, the pension fund embroiled in a bitter row with university lecturers over pension terms, has created further contoversy by awarding its chief executive a £50,000 bonus for his hard work during a “demanding year”.
Read More: The Telegraph – Pensions
S Korea pension service attracts hedge funds
The financial world flocks to pay respects at the debut in New York of the Asian nation’s pension fund, with almost $300bn under management
Read More: FT – Markets
Pension option could fund long-term care
The government is being urged to relax its rules on capped drawdown to enable pension investors to use their funds more freely to help pay for nursing home care.
Read More: FT – Pensions
Millions of workers to wait extra 4 months to retire
Millions of workers will be forced to wait an extra four months before they can claim their state pension in order to fund the early retirement of women in their 50s.
Read More: The Telegraph – Pensions
A gold medal this year, an also-ran the next
I wonder just how angry investors in the former M&G gold pension fund are today.
Read More: The Telegraph – Investments
Uniq plan to fill pension deficit approved after months of negotiations
Uniq said it hoped to resolve a dispute over a £473m hole in its pension fund
by handing the majority of shares in the company to the final salary scheme.
Read More: The Telegraph – Pensions
Unite sues Ford over ‘£350m pension hole’
Trade union Unite is suing Ford over claims thousands of former workers have
been left facing a £350m black hole in their pension fund.
Read More: The Telegraph – Pensions
Aviva finance chief spells out strategy
The life and general insurer has cut its pension fund deficit by £1.3bn and will begin to reduce its debt by repaying about £700m of subordinated bonds in the next three years
Read More: FT – UK Companies
Balfour moves to settle scheme deficit
The UK’s largest construction group will double the amount it is paying towards overcoming the hole in its pension fund, after agreeing to settle the £375m deficit on its £2.3bn scheme
Read More: FT – UK Companies
Low yields lure blue chips to US corporate bond market
The money borrowed in corporate bond markets this month totals more than $41bn as companies seek to plug pension fund gaps, buy back shares or build cash piles
Read More: FT – Markets
Crown Estate to sell Regent Street stake
The UK body has set up a £1.8bn property partnership structure, in which Norges Bank Investment Management will purchase a 25% stake on behalf of the Norwegian government pension fund
Read More: FT – UK Companies
