The Pension Protection Fund has rejected claims it "moved the goalposts" by raising the cut-off point for schemes paying its risk-based levy.

HERMES has confirmed the appointment of Rupert Clarke as chief executive and announced a £50m investment programme to help create a multi boutique investment management business.

The Local Authority Pension Fund Forum has published a trustee guide urging schemes to engage with companies over merger and acquisition activity.

South African stake

UK - International Power workers are to consider industrial action in a row over the company's plans to close its defined benefit (DB) contribution scheme.

THE CONSERVATIVES have lodged a formal complaint against Personal Accounts Delivery Authority chairman Paul Myners for launching a "political attack" on the party.

Unite has launched a boycott of Lil-lets and Simple products over their private equity owners' policy on enhanced pension benefits for staff made redundant.

Asset management firms and pension funds have joined a global call for a legal framework to tackle climate change.

Capita is to take on the administration of Prudential's mature life and pensions back-book in a deal worth £722m.

State Street Corporation has launched a private equity index to allow investors to measure their performance against their peers.