Call for Equitable Life payouts to avert fall in confidence; HBOS underwriters hit with £100m paper loss; Aegon sets pace in deal to free capital; Unemployed will have to work in benefits shake-up
NETHERLANDS - The Will Niemeijer Pension Fund has appointed ING/AZL to a fiduciary contract.
THE Local Government Pension Scheme will not exist by 2012, a survey by Mercer reveals.
UK - The £672m (US$1.3bn) London Borough of Tower Hamlets pension fund has selected Auriel Capital Management and Record Currency Management to handle its active currency hedging portfolio, according to MandateWire.
US/EUROPE - Wilshire Associates has appointed Michael Harriman as a senior managing director and head of Wilshire Analytics, Europe.
F&C Asset Management is to combine its property asset management operations in the UK and Ireland with REIT Asset Management.
EUROPE - Fitch Ratings foresees a consolidation in the collateralised loan obligation (CLO) industry resulting from the challenging conditions of the European leveraged loan market.
THE National Association of Pension Funds has backed the Pensions Regulator's decision to delay introducing changes to the way longevity is treated in the scheme funding regime.
The transition from defined benefit (DB) to defined contribution (DC) and the growing influence of EU legislation are major issues facing the UK pensions industry, according to Aegon's outgoing director of pensions development Stewart Ritchie.
THE Pensions Regulator has decided to delay introducing changes to the way longevity is treated in the scheme funding regime.