EAI assets up to £674bn

Accountant and business adviser PKF Financial Planning has appointed a new head of its employee benefits service.

WORKERS in their 40s and 50s should not be "greedy" about their pensions, Life Academy chairman Alan Pickering says.

EUROPE - Estonia, Poland and Latvia were warned not to rest on their laurels just yet regarding pension expenditure since projections by the EU Commission could turn out to be less favourable than has been assumed.

Allowing trustees to convert a member's guaranteed minimum pension into other actuarially equivalent benefits could help cut scheme costs, a consultant says.

EUROPE - AXA Real Estate Investment Managers is undertaking an aggressive growth strategy through an "acquisition programme" in Sweden and Finland, which could lead to the opening of a regional office.

MITSUI Babcock Pension Scheme has appointed Baring Asset Management to manage an £86m segregated multi-asset diversified growth mandate.

PATERNOSTER is exploring deals with six £500m schemes and a seventh pension fund with more than £1bn of assets, chief executive Mark Wood says.

Building design specialist ISg InteriorExterior - the firm behind Birmingham's Mailbox complex - has appointed Entegria to provide a flexible benefits programme.

THE GOVERNMENT has been censured for failing to submit its defence for the legal challenge launched by scheme wind-up victims.