Investment

Friends Provident has unveiled a corporate investment platform guide for trustees and employee benefit consultants.

Legal & General and Hymans Robertson have unveiled a health liability insurance plan which could save local government pension scheme sponsors hundreds of thousands of pounds.

Scheme interest in risk transfer exercises increased over the second quarter, Pension Insurance Corporation says.

Hewitt Associates has launched a service offering pension funds access to long term sustainability themes.

Surging annuity prices and the lack of market confidence in European economies will force employees to work longer in order to retire on a reasonable income, Mercer says.

RUSSIA - Russian Finance Minister Alexei Kudrin's proposal to raise the retirement age is an attack on the United Russia party that Prime Minister Vladimir Putin chairs, a senior party official said.

One of British Airways' two pension schemes has insured £1.3bn of pensioner liabilities in a buy-in deal with Rothesay Life.

UK - One of British Airways' two pension schemes has insured £1.3bn (US$1.9bn) of pensioner liabilities in a buy-in deal with Rothesay Life.

US - Barr Rosenberg, chairman of AXA Rosenberg, and Tom Mead, head of research, both co-founders, have resigned after an investigation into the reporting of a coding error found the two did not follow firm protocol.

Glasgow City Council has re-appointed Hymans Robertson as investment adviser to the £9.5bn Strathclyde Pension Fund.