Global

Bank of New York (BoNY) has been appointed by the US Borden family of companies to provide master trust and custody services for its $410m defined benefit plan.

Third party administrators Mellon Trust UK & Ireland - part of Mellon Corporation - has made three senior hires in a bid to promote European business growth.

The Hong Kong Federation of Insurers (HKFI) yesterday announced its statistics on long term insurance in-force business for the territitory's 15 major life insurers, representing more than 86% of total market share.

An Anglo-American treaty signed last week will remove taxation on both UK pension fund investments in the US and on expatriates' occupational pensions.

The plight of a woman who was refused a war widows pension has sparked an outcry from UK union, Unison.

Many US workers favour defined contribution (DC) payment systems, but want their employers to administer them, according to Watson Wyatt's latest study.

Frank Russell Company has embraced the UK government's call for a greater awareness of pensions funds' transaction costs among trustees.

Assets under management in separate account consultant programs have, over the past six years, more than quadrupled in size to $275bn by March 2001, according to the the Cerulli Report series.

Sun Life Financial of Canada (SLFoC) has gone live on the latest version of Lamda, the life and pensions administration solution from Marlborough Stirling.

The Channel Islands is looking at the possibility of regulating its pensions industry along the lines of that in the UK. Regulations that could occur include introducing a limit on the amount pension schemes can self-invest in sponsor companies and introducing...