Investment

AUSTRALIA - FTSE Group and the Association of Superannuation Funds of Australia (ASFA) have unveiled a series of indices providing industry standard tax-adjusted benchmarks for superannuation funds.

IRELAND - The Irish taxation commission has proposed tax relief changes on pension payments in a bid to make the tax treatment of retirement savings fairer.

Rowanmoor Pensions has paid tribute to joint managing director David Seaton after coroners identified his body.

Just two out of five people who are close to state retirement age believe they have saved enough to afford to be financially comfortable when they stop work, latest research from MetLife Europe shows.

Overlay Asset Management has launched two single hedge currency funds in a bid to broaden its offering to pension schemes.

Pension schemes should encourage members of defined contribution schemes to personalise their investment strategies by helping them set individual journey plans, a Watson Wyatt paper says.

AUSTRALIA - Aviva Australia has launched an integrated separately managed account for superannuation investors in a bid to take advantage of increasing interest in self-managed accounts.

US - The California Senate has passed a bill requiring more disclosure by placement agents looking for business from government pension funds.

Whitbread is set to close the defined benefit section of its group pension fund to future accrual at the end of 2009.

People with no retirement savings could be forced to work until they are 86 if they want to achieve two-thirds of their final salary, Standard Life says.