Industry

June Mulroy on the watchdog's DC strategy

Hermes has joined forces with Singapore banking giant United Overseas Bank to launch a US real estate income fund.

UK Pension fund investors have helped capitalise a £145m fund backed by three aircrafts leased to Dubai airline Emirates on a long-term loan.

Jonathan Stapleton's thoughts on public sector progress

The National Employment Savings Trust Corporation spent £31m during 2010/11 - including paying £5m in interest payments on a Department for Work and Pensions loan, the balance of which has hit £120m.

Trustees and sponsoring employers could face unpredictable tax charges and complex issues arising from ‘scheme pays' legislation, JLT Benefit Solutions warns.

The Workplace Retirement Income Commission has cancelled today's interim report findings because it has gathered enough evidence to present a final report to government next week, it says.

The Department for Work and Pensions overpaid some £3.3bn on benefits last year due to fraud and error, its 2010/11 accounts show.

The low charges set by the National Employment Savings Trust will set a benchmark with which pension providers will have to compete, Legal & General says.

Man Group is to acquire the remaining exposure to the estates of bankrupt US investment giant Lehman Brothers from funds managed by its institutional asset management subsidiary, GLG Partners, for $355m (£221m) in cash.