Global Pensions | 05 Mar 2010
UK - Another wave of quantitative easing proposed by Mervyn King could push up pension scheme liabilities and increases deficits after a period of relative calm, Aon warned.
UK - ITV has reported gains totalling £110m (US$165.4m) from initiatives aimed at reducing the future costs and risks of operating its pension schemes.
UK - Trustees at the Cadbury Pension Fund have sought to reassure scheme members in the wake of US-food company Kraft’s takeover.
UK - Premier Foods is the latest company to be linked with a big-money longevity swap deal as it seeks to offload £2bn (US$3.1bn) of longevity risk from its Rank Hovis McDougall pension scheme.
UK - The number of schemes putting contingent assets in place jumped by 30% to 587 in 2009/10, research from the Pension Protection Fund and The Pensions Regulator revealed.
UK - The Local Government Pension Scheme’s deficit could swell to £60bn (US$97.8bn) this year if current trends continue, research from the Liberal Democrats revealed.
Aggregate scheme funding improved by £60.1bn (US$97.1bn) in December 2009, latest figures from the Pension Protection Fund revealed.
UK - Vodafone and airline BMI have become the latest big name firms to announce plans to close their defined benefit schemes to future accrual.
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