Investment
Defined Contribution
Standard Life has been fined £2.45m by the Financial Services Authority for serious failures relating to its Pension Sterling Fund.
20 January 2010
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United Kingdom
UK - Standard Life has been fined £2.45m (US$4.1m) by the Financial Services Authority for serious failures relating to its Pension Sterling Fund.
20 January 2010
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Australia
AUSTRALIA - The median Australian superannuation fund finished the year with a 15.1% return, but has yet to recover from the losses suffered during the global financial crisis.
20 January 2010
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Bulk Annuities
UK - UBS Investment Bank is to enter the longevity swap market following the hire of a four-strong pensions team, sources said.
20 January 2010
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Bulk Annuities
UBS Investment Bank is to enter the longevity swap market following the hire of a four-strong pensions team, PP has learned.
20 January 2010
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Private Equity
Hermes Equity Ownership Services has established a private equity service with the hire of Tom Rotherham as associate director for private equity.
19 January 2010
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Defined Contribution
Defined contribution default investment strategies are a "cop out" by trustees, an independent trustee firm says.
19 January 2010
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Securities Lending
The Pensions Regulator has urged scheme trustees to review their securities lending practices.
19 January 2010
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United Kingdom
UK - The Pensions Regulator has urged scheme trustees to review their securities lending practices.
19 January 2010
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Investment
The Financial Reporting Council has begun consultation on a stewardship code setting out good practice for institutional investors when engaging with UK listed companies.
19 January 2010
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