Detroit protests July 2013 (Getty)

A round-up of pensions and investment stories published across the FT Group – from Detroit pensioners accepting a deal to have their payments decreased by 4.5 per cent, to a recommendation that Aussie superannuation schemes lower fees by 38 basis points. 


Plus the week in numbers:

  • Report recommends Australian superannuation schemes lower fees by 38bp. 
  • Income boost for pensioners deferring their state pension from 2016 will decrease to 5.8% from 10.4%.
  • Pensioners in Detroit will lose 4.5% from their pensions.


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This week's social media comment looks at the bright side for some defined benefit schemes that are fully funded.

Click here for the full post 

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