Investment

The Pension Protection Fund was "completely caught out" by improvements in failure scores when it calculated the risk-based levy scaling factor, consultants say.

BANKS failed to adequately implement risk management systems in the lead up to the credit crunch, delegates at The Actuarial Profession's Finance, Investment and Risk Management Convention heard.

The number of trustees commissioning independent covenant reviews has jumped 10pc in the past year, Mercer says.

INVESTMENT consultancy Jagger and Associates has been appointed to act as investment advisor to the Innovia British pension scheme.

EUROPE - UK and Irish pension fund associations have spoken out about comments made in support of Solvency II being applied to the industry last week.

THE Financial Services Authority is set to introduce rules to force investors to disclose significant short positions in firms undertaking rights issues.

CURRENCY overlay funds had mixed results in the first quarter of 2008, latest statistics from BNY Mellon Asset Servicing show.

Employers looking to set up workplace personal pensions ahead of 2012 should wait until the full extent of regulation becomes clear, a law firm warns.

Disgruntled council schemes have told Whitehall chiefs that service standards have suffered due to delays to regulations for the new-look Local Government Pension Scheme.

HERMES has outsourced its custody, investment operations, fund accounting and transfer agency functions to Northern Trust.