Global Pensions | 02 Sep 2010
US – Pension plans of S&P1500 companies are shouldering deficits of a combined $506bn, the largest recorded deficit in their history, according to data by Mercer.
GLOBAL - Multinational companies are looking at innovative ways to redesign defined benefit schemes but will cut contributions by 10% in the process, research by Mercer suggests.
GLOBAL - Just 16% of multinational companies feel their existing benefit plan governance structures are sufficient to meet current and anticipated future needs, research by Mercer shows.
UK - The coalition government’s pensions tax relief proposals risk “pulling the rug” from underneath occupational provision, a consultant warns.
Contingent assets have been used in scheme funding arrangements in the UK for some time, but how popular are they overseas? Chris Panteli finds out.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top five most popular stories on www.globalpensions.com over the past seven days (6 August - 13 August).
AUSTRALIA - A growing number of superannuation funds are already well-placed to deal with the introduction of legislation concerning operational risk reserves, research by Mercer shows.
GLOBAL - Axa Investment Managers (Axa IM) has appointed Mercer CIO Tim Gardener as global head of consultant relations.
UK - Unilever has appointed one of Mercer’s top investment consultants to help run its pension scheme.
GLOBAL – Companies in more countries are starting to adopt the two-tier model of defined contribution funding typically found in the US, said Craig Burnett, Mercer’s European head of DC.
UK/US - The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say.
GLOBAL – A growing number of multi-national companies are developing global pension committees and policies in order to gain a better grasp on their fund liabilities, says Mercer global chief retirement strategist Bruce Rigby.
US – Current accounting standards in the US have discouraged the use of de-risking strategies among corporate pension funds, Mercer says.
Updating your subscription status
Advertisement
Advertisement
ADVERTISEMENT
Investors losing out from high FX fees - Updated
Funds sue over mortgage pass-through certificates
Falling markets lead to summer of discontent
FASB updates multiemployer transparency guidance
Hewitt completes EnnisKnupp acquisition