Global

Schroder Pensions has made three new appointments in its defined contribution business in the UK.

The Financial Services Authority, the UK regulatory body, has proposed to set up new plans to regulate capital adequacy and risk assessment within the insurance sector.

State Street - the global investment product provider - has launched a trading system that will allow cash to be managed in multiple currencies in real-time.

The UK government has been criticised for not doing enough to educate or raise employer awareness on stakeholder obligation.

Automotive services group Inchcape has rejected calls from its largest shareholder Guinness Peat Group (GPG) for it to enter into a controlled break-up - revealing instead it will return £45m to shareholders.

The UK Chancellor has been criticised by the industry for failing to reform the annuity 75 law. Some industry experts have claimed that he missed an opportunity to give people more control of their money in retirement in his budget last week.

The trustees of the National Bus Company pension scheme which is still in the process of winding-up, have commenced proceedings to determine who is eligible for the distribution of its surplus.

On behalf of their client, one of the Lloyds TSB staff pension funds, Scottish Widows Investment Partnership has sold 15 Dacre Street, London SW1 to a private Irish investor for a price of £17.39 million, reflecting a net initial yield of 6.25%.

Japan's Daiwa Securities Group is preparing to launch a pension consulting division, which will open for business on April 2, 2001

Gissings, one of the UK's employee benefit advisory firms, has made two appointments to its investment team. Brendan Reville has been appointed investment director and Steve Barker joins as head of investment practice, both with effect from 19 March...