The Pension Protection Fund and The Pensions Regulator have opposed the idea of a possible merger.

INVESTMENT limits on tax-efficient savings plans should be updated to stop "creeping erosion of allowances", a leading independent financial adviser says.

UK - HSBC Investments has appointed Kathleen Currie as institutional MD, one year after she joined the company as head of LDI.

F&C Asset Management has launched a derivative-based global tactical asset allocation fund.

Around 8pc of small and medium-sized firms do not offer any pension provision - despite stakeholder being mandatory for firms with five or more staff.

Aegon UK has record Q4

Savers are failing to take full advantage of opportunities created by last April's A-Day pension tax changes, delegates were told.

GLOBAL - Goldman Sachs Asset Management saw net revenues fall US$417m, or 28%, to $1.07bn in Q1 2006 compared to the same period last year.

US - Trust Company managing principal Mike Palmer has been appointed to the TIAA-CREF board of financial advisors.

UK/US - JPMorgan has created an international index designed to benchmark and trade longevity risk.