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Written by Occupational Pensions
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Tuesday, 01 September 2009 00:00 |
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The trustees of one of Babcock International’s pension schemes, the Devonport Royal Dockyard Ltd plan, have now finalised a longevity swap contract with Credit Suisse.
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Read more... [Babcock International’s longevity swap deal goes through]
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Written by Occupational Pensions
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Tuesday, 01 September 2009 00:00 |
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A total of 73.5% of members of the Faculty of Actuaries (the professional body for actuaries in Scotland) and 71.6% of members of the Institute of Actuaries (the comparable body in England) recently voted in favour of a merger.
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Read more... [Merger of professional actuarial bodies fails]
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Written by Occupational Pensions
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Tuesday, 01 September 2009 00:00 |
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THE DEFINED-BENEFIT pension schemes of the FTSE 100 companies had a deficit of £96 billion as at mid-July 2009, based on figures calculated from disclosures in company accounts. Actuarial consultancy Lane Clark & Peacock (LCP), which has published the data in its 16th annual survey1, says that this is the largest deficit ever revealed in company accounts since the international accounting standard IAS19 was introduced.
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Read more... [Largest ever deficit for FTSE 100 pension schemes]
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Written by Occupational Pensions
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Tuesday, 01 September 2009 00:00 |
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THE Accountancy & Actuarial Discipline Board (AADB) has launched its second investigation into the conduct of advisers to the First Quench Pension Fund. The complaints against the advisers relate to a proposal to replace First Quench, which owns a number of offlicence chains, including Wine Rack and Threshers, as the sponsoring employer under the pension scheme with another organisation that has not been identified.
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Read more... [First Quench advisers investigated]
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