Global Pensions | 13 Aug 2010
UK - The Department for Work and Pensions' plans to abolish transfers between contracted-out defined benefit and defined contribution schemes could lead to a “firesale” of final salary liabilities, a consultant warns.
UK - British Airways' deal with its scheme trustee over how to plug its £3.7bn deficit has been approved by The Pensions Regulator.
Giovanni Legorano speaks with Ronald Wuijster, managing director strategic portfolio management at APG Asset Management about its approach to fiduciary management and the problems associated with illiquid assets
UK/GLOBAL - The defined benefit section of the recently formed Cable & Wireless Worldwide Retirement Plan has £136m (US$195.8m) deficit, end of year results show.
UK - British Airways will present plans for a restructure of its defined benefit schemes to The Pensions Regulator next month after it concluded talks with trade unions over its £3.7bn (US$5.3bn) deficit.
US/UK - The trustee of the Visteon UK Pension Plan and the Pension Protection Fund are withdrawing a US$550m (£350m) claim against Visteon Corporation.
UK - More than half of pension scheme trustees in the UK think they should be paid for their role.
US/UK - The Pension Protection Fund and Visteon UK scheme trustees have filed a US$550m claim against US Visteon Corporation to recover money for the fund.
UK - The Reader's Digest Pension Scheme has entered the Pension Protection Fund’s assessment period.
UK - The Pensions Regulator should speak out against the “rubbish” 8% minimum auto-enrolment contribution, a consultant says.
UK - Cable & Wireless has agreed a demerger settlement which will see its pension provision split into two separate schemes.
UK - The Pensions Regulator is appealing a court decision to stop its attempts to seek £2.1bn (US$3.2bn) from Nortel Networks on behalf of the struggling UK pension scheme.
UK - Pensions could play a pivotal role in how the voting swings in the general election, Nigel Waterson says.
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