Investment

UK - The final salary link in public service pensions is 'inherently unfair' and can lead to high flyers getting almost twice as much back in pensions than those on more modest earnings for the same amount of pension contributions, Lord John Hutton says....

Fiduciary management has recently hit the mainstream for UK pension funds. Laura Blows looks at how this market is developing

The market is not always right so basing all investment policy on it is dangerous and bound to increase short-term thinking, Lindsay Tomlinson says.

A general lack of investment knowledge poses risks for people saving into defined contribution schemes, BlackRock says.

Neuberger Berman has launched an emerging markets equity fund as part of its UCITS III umbrella investment fund.

EUROPE - Strong returns on European long-term savings are being hampered by an expensive and "highly inefficient" pensions market, the European Fund and Asset Management Association (EFAMA) said.

US - New York Mayor Michael Bloomberg said city pension funds have set unrealistically high assumed rates of return on investments at 8%.

UK/US - The Pensions Regulator's determinations panel has issued its reasons for chasing Lehman Brothers subsidiaries with a financial support direction.

The Pensions Regulator's determinations panel has issued its reasons for chasing Lehman Brothers subsidiaries with a financial support direction.

US - The Securities and Exchange Commission has charged two former State Street employees with misleading investors about their exposure to subprime investments.