Investment

FUND manager Hermes has come under fire from one of its biggest clients, the California Public Employee's Retirement System.

MORE than 80pc of scheme managers believe the Pensions Regulator's decision to delay changing the way longevity is treated in the scheme funding regime was a welcome move for schemes.

LOCAL Government Pension Scheme ill-health regulations remain unclear, GMB says.

DC contribution levels are remaining static despite the tough economical climate, Fidelity International says.

Member rights could be affected if plans to re-think the risk-based levy result in underfunded pension schemes offloading growth assets, the Occupational Pensions Trusts warns.

Balanced pooled funds achieved a median return of -2.3pc in July 2008, latest CAPS figures from BNY Mellon Asset Servicing reveal.

THE Serious Fraud Office has confirmed three men have been arrested in connection with its investigation into independent trustee firm GP Noble.

Pension schemes should not switch from equities into bonds in an attempt to reduce risk, former Downing Street pensions advisor Ros Altmann says.

ALEXANDER Forbes Trustee Services has promoted Darren Toms to the position of associate director in a bid to develop its defined contribution proposition.

THE Serious Fraud Office is investigating independent trustee firm GP Noble following a referral by The Pensions Regulator.