DEFINED contribution scheme members need more education if they are to make proper decisions about their investments, delegates were told.

Clinical technology firm ClinPhone has launched a company-paid healthcare cash plan for its 454 staff.

WORKING beyond retirement age has become the norm for an increasing number of people, latest figures show.

DOZENS of fund managers are poised to leave major investment houses and set up their own boutiques, Resolution Asset Management believes.

Global - AXA Investment Managers saw revenues rise 40% to €1.18bn in 2006, up from €846m in 2005.

US - CalPERS has been awarded US$117.7m settlement in a securities lawsuit brought against Time Warner - significantly lower than the $250m loss the fund said it had incurred as a result of the alleged accounting irregularities.

Burgeoning red tape and fears over potential lawsuits are making it harder for schemes to recruit trustees, a new government consultation claims.

Denmark - PensionDanmark achieved a 7% investment return, equivalent to DKK3.6bn (€480m) for 2006, as the firm just beat its strategic benchmark.

Hutton hints at £3000 cap on pensions savings; US mortgage mayhem prompts sell-off; Private equity group talks to Sainsbury's about cash offer

Governance systems specialist eShare has launched a new software package to ease the burden of scheme administration for trustees.