CANADA - The Ontario Teachers' Pension Plan (OTPP) said it welcomed the new tax on income trusts as it does not discriminate against pension funds, although it does raise the dividend tax rates for pension funds.

AUSTRALIA - The Australian Reward Investment Alliance (ARIA) has purchased a 92% interest in 1 Chifley Square in Sydney's CBD at a cost of US$65m (A$84.5m).

THE PENSION Protection Fund is set to raise significantly less money than it expected through the risk-based levy as companies get high invoices amended, Watson Wyatt says.

THE GOVERNMENT has formally responded to a report slamming its rejection of parliamentary ombudsman findings.

DENMARK - PensionDanmark posted a benchmark-beating 3.6% return during the third quarter 2006, which saw the fund grow DKK1.4bn year-to-date to a total of DKK58.9bn (€7.9bn).

Confidence on rise

THE GOVERNMENT has dismissed claims it rejected calls for tax breaks for investment funds trading in carbon emissions.

Attempts to reach deal over BA pension fund fails; Quiet high street unlikely to deter MPC from rate rise; F&C's lost mandates are running at £7.8bn; Standard names new finance chief

Figures revamp call

PRUHEALTH says its venture into a "stagnant" private medical insurance market with a new-look model has paid off in remarkable style.