Investment

US - Hewitt Associates will acquire US consulting firm EnnisKnupp, a move Hewitt said sweetened its merger deal with Aon Consulting announced less than two weeks ago.

Sesame Bankhall will launch a restricted advice service for at-retirement customers with small pension pots.

UK - The Pensions Regulator has rejected proposals from chilled prepared foods firm Uniq to fund a £436m scheme deficit.

The Pensions Regulator's strengthened guidance on transfer incentives is permeated by a "presumption of guilt", industry figures say.

AUSTRALIA - Australia's savings could grow by another billion dollars a year with the use of better back-office administration, former corporate regulator Jeremy Cooper has said.

Two pension funds of cleaning and hygiene products company, Jeyes, have appointed SEI as their fiduciary manager.

GLOBAL - BlackRock has restructured its management team creating a new head of portfolio management role, three new regional organisations and an alternatives investment group.

BlackRock has restructured its management team creating a new head of portfolio management role, three new regional organisations and an alternatives investment group.

The pension pot needed to satisfy the minimum income requirement could need to be as much as £300,000 in order to stop people falling back on state benefits, Towers Watson says.

A consultation on proposed changes to the Universities Superannuation Scheme is expected to start in late September, following the scheme committee's decision to accept a range of reforms.