A loophole in A-Day regulations enables scheme members to claim their 25pc tax-free cash lump sum twice under the same pension, Aegon Scottish Equitable says.

TAX-FREE life insurance cover of up to £1m is available to employees through Alexander Forbes Financial Services' benefits solution XtraPay.

TRUSTEES should be on their guard against sponsoring employers abandoning underfunded schemes, The Pensions Regulator warns.

IMPOSING tough sanctions on North Korea following its controversial missile test could lead to a "prolonged overhang" for the region's markets, F&C Asset Management says.

NETHERLANDS - The proposal to set up a pension protection fund in the Netherlands was deemed "useless" by asset liability management professor Guus Boender.

UK - Industry responses to the Pension Protection Fund's (PPF) Statement of Investment Principles (SIP) have been mixed, with one critic saying that its cautious LDI approach could impact badly on the equity markets.

Odey Asset Management has launched a global macro product to boost its hedge fund range.

THE UNIVERSITIES Superannuation Scheme has launched a consultation exercise with its 378 employer institutions seeking views on a range of options to meet rising future funding costs.

CANADA - The C$41bn Ontario Municipal Employees' Retirement System (OMERS) is eyeing emerging markets infrastructure investments and could make its first investment in India or China in the next two years.

GLOBAL - Pension funds' attitudes as to who should intermediate their investment advice have fragmented, with funds showing a strong bias towards independent consultants according to a Global Pensions survey. The Global Pensions 100 Panel was asked which...