PENSION PROTECTION FUND proposals to include longer-term risk in its levy calculations will lead to relatively well-funded schemes with strong sponsors paying more, Watson Wyatt says.

REDINGTON PARTNERS has hired Oliver Hamilton as an investment consultant to expand its advisory team.

GOVERNMENT plans to cut tax rates for lower earners could reduce the incentives to save in a pension, the Association of British Insurers warns.

UK - Government plans to reduce tax rates for low earners could reduce the tax incentive to save in a pension, the Association of British Insurers (ABI) warns.

UK - The University Superannuation Scheme (USS) did not reshape its portfolio of "risky" assets following the market turmoil of recent months, its chief investment officer (CIO) has said.

A LACK of transparent information is making it difficult for trustees to assess where the underlying investment risk lies within their portfolios, Horwath Clark Whitehill research reveals.

EUROPE - The presence of private pension funds on financial markets plays an important stabilising role in the financial system as a whole, according to Gertrude Tumpel-Gugerell, member of the executive board of the European Central Bank (ECB).

Including: GLOBAL - State Street Confidence Index falls; FRANCE - Lehman Anti-Benchmark team becomes TOBAM; EUROPE - ETF market surged in October

GLOBAL - French employers currently have no incentive to voluntarily offer defined benefit (DB) schemes to their employees, the director general of the French association of asset managers has said.

US - A new tier of retirement savings must take into account market and interest volatility to be effective, researchers at the Center for Retirement Research (CRR) at Boston College have said.