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Showing 111 - 120 of 130 results for "Pension Scheme"

Pension deficits halts M&A activity

MICHAEL HOBBS  |  TUESDAY, 19 AUG 2008
A UK pension report from Mercer revealed equity market volatility has wiped off more than $130 billion of the value of FTSE 350 pension schemes, potentially hindering merger and acquisition (M&A) activity across Europe. Pension deficits was one of the ...

Deloitte hires Mercer UK for pension admin

MICHAEL HOBBS  |  FRIDAY, 8 AUG 2008
Deloitte appointed Mercer UK to provide full administration services for its defined benefit and defined contribution pension schemes. In total, both schemes represent roughly 17,000 members and approximately $1.6 billion in assets. Jason Pope, Mercer ...

Philippines axes cheques for ATMs

RUTH LIEW  |  MONDAY, 4 AUG 2008
The Philippines is revving up its pension scheme by phasing out archaic cheques disbursement arrangements for an ATM-based system. The country's Government Service Insurance System (GSIS) brought the new system in place last month. The fund's 81,000 ...

Wage bill to drive pension growth: WW

MICHAEL HOBBS  |  THURSDAY, 31 JUL 2008
... According to the current bill before parliament, employees over the age of 22 are automatically enrolled into a pension scheme which includes contributions, although younger employees can opt in and receive the mandatory employer contribution. The adult ...

FTSE100 pensions in the red

MICHAEL HOBBS  |  THURSDAY, 3 JUL 2008
Watson Wyatt found FTSE100 companies' pension funds turned a combined $48 billion surplus a month ago into a $16.5 billion deficit last month due to the double whammy of stock market falls and high inflation. Rashpal Bhabra, Watson Wyatt head of corporate ...

PASF recruits UK pension CIO

... the pensions investment controller (or chief investment officer in Australia) for the $9-billion plus J Sainsbury Pension Scheme, the pension fund of UK grocery giant Sainsbury. The fund has also made two new external service provider appointments. Starting ...

GESB converts to a 'true' mutual

RUTH LIEW  |  THURSDAY, 19 JUN 2008
... accumulation schemes and Retirement Income scheme will fall under the new GESB Mutual. Meanwhile the Gold State Super and Pension Scheme - both defined benefit schemes - will continue to be owned and regulated by the state. Administration and investment ...

Regulator clamps down on conflicts of interest

MICHAEL HOBBS  |  THURSDAY, 28 FEB 2008
... produce a conflict of interest. According to Hobman, any conflict of interest should be resolved amicably within the pension scheme, however if an incident is reported to the regulator and presents a significant and impending risk to member benefits ...

Asia Property in $1.55b buying spree

Asia Property fund, an institutional fund jointly sponsored by LaSalle Investment Management and Prudential-owned real estate giant PRUPIM, has bought three properties for $1.55 billion including a 50 per cent stake in a Westfield shopping centre. The ...

Clinton plans pension system overhaul

CHRIS NICHOLLS  |  FRIDAY, 12 OCT 2007
Senator Hillary Clinton has announced plans for a new pension scheme, which takes a leaf out of the Australian superannuation system, as part of her 2008 presidential election campaign. Senator Clinton's American Retirement Accounts (ARA) plan will ...