INDEPENDENT trustee David Somers has been appointed a non-executive director and chairman of the audit committee for the new Europe Arab Bank.

Bargaining contradiction

ONLY 14pc of schemes are fully compliant with trustee knowledge and understanding requirements, research reveals.

FRANCE - Credit Agricole's asset management division today reported an increase of e9 bn in assets under management for the second quarter of 2006, taking it to a total of e520bn.

Scheme sponsors and trustees must work together to remove pensions from boardroom agendas and ensure they deliver promises to members, a leading consultant claims.

Charlemagne Capital's assets under management fell by almost £1bn in the first half of the year after "considerable retrenchment" by investors following May's market downturn.

Ministers are being urged to add an "open market option" to the proposed national pension savings scheme.

Confusion over A-Day rules on tax relief is prompting some employers to reduce pension contributions, Aegon Scottish Equitable claims.

Forecast service push

USA - Californian Assemblyman Keith Richman has made several damning comparisons between the CalPERS board and those involved with the San Diego pensions crisis, even calling on attorney general Bill Lockyer to comment on whether the fund's actions regarding...