Ombudsman to call for Equitable payouts; Cable & Wireless thinks again over transfer of pensions risks; Paternoster sees further strong growth
The Personal Accounts Delivery Authority has said it would be considering "several issues" after the industry failed to reach a consensus over the scheme's charging structure.
NO clear consensus on the charging structure of personal accounts has emerged from the industry consultation, the delivery authority reports.
PATERNOSTER has announced business growth of 550pc over the last 12 months.
US - Claims of ERISA violation and fiduciary duty breaches have brought pharmaceutical companies Hospira and Abbott Labs to trial, as former and current members of their retirement plans seek losses.
US - Fund managers investing in US equities have disagreed on whether the credit crunch has reached its negative peak, the latest update on the sector by Standard and Poor's Fund Services has revealed.
THE Buckinghamshire County Council Pension Fund is looking to hire managers to run mandates worth up to £325m.
DENMARK - Shorter saving periods and earlier retirement ages could see Danish pensioners hit by inflation, according to PKA which invests on behalf of eight occupational pension funds.
FINANCIAL education, simplified products and great incentives to save are necessary to encourage saving in the UK, Scottish Widows says.