Investment

IRELAND - Aviva Investors is set to shut down most of its Irish operations, leaving only a service centre in Dublin.

UK - Low governance levels among companies could lead to the next financial crisis, Treasury financial services secretary Paul Myners says.

UK - Telent - the former Marconi telecoms group owned by Pension Corporation - has agreed a 15-year funding plan with trustees in a bid to shore up its pension scheme.

The next government must drastically simplify pensions legislation to enable the development of shared-risk schemes as a logical alternative to defined benefit, Mercer says.

Hewitt Associates has expanded its UK investment consulting team with the appointments of Laun Middleton and David Page.

BNP Paribas is due to launch a corporate self-invested personal pension administration service for a large insurer.

Telent - the former Marconi telecoms group owned by Pension Corporation - has agreed a 15-year funding plan with trustees in a bid to shore up its pension scheme.

UK/NETHERLANDS - The ING Group is continuing its corporate restructuring, started in October 2006, with the full separation of the banking and the insurance unit, including its asset management unit, said ING Investment Management's (ING IM) new Europe...

High-earners facing a triple tax on their pension savings should consider using an employer financed retirements benefit scheme to save money, Barnett Waddingham says

Trustees responsible for defined benefit schemes entering the Pension Protection Fund assessment period must not neglect their defined contribution duties, Xafinity says.