Investment

Barclays is in exclusive talks with private equity firm CVC Capital Partners over the sale of its exchange traded fund business iShares, a source familiar with the deal says.

Static asset allocation and fixed benchmarks can destroy scheme value, Hewitt Associates says.

Mercer and Callan Associates have terminated their 17 February agreement to merge their investment consulting businesses.

Bosses must engage with their employees during the auto-enrolment process to prevent people passively falling into occupational provision in 2012, The Pensions Regulator says.

Pensions scheme administrators will still have to wait another six months for HM Revenue & Customs to relax the rules on trivial commutation, Allen & Overy says.

The South Yorkshire Pensions Authority was "negligent" over the investment of £10m of deposits in a failed Icelandic bank after it had been downgraded by credit ratings agencies, the Audit Commission says.

Legal & General has cut its final dividend by 50% to 2.05p per share, after it reported a operating loss of £189m.

US - Retirement security could be reduced by last minute regulation from the Bush administration, witnesses at a House of Representatives subcommittee hearing claimed.

People who have registered for enhanced protection could find it invalidated by 2012 auto-enrolment regulations and face "penal" charges, First Actuarial says.

Mellon Transition Management (MTM) has appointed Tim Wilkinson and his team of transition management professionals in a major expansion of its business.