Regions

The Society of Pension Consultants has set up a network to give in-house administrators access to its expertise.

Final salary scheme pensions will be up to £24,000 a year more than money purchase payouts under the £1.4m savings limit.

EUROPE - Pride is preventing financial services organisations from selling asset management operations that are not core to their businesses, leading fund managers claim.

GLOBAL - Barclays Global Investors has launched two currency funds - a sterling fund and a US equity fund - aimed at pension schemes.

GLOBAL - European and Japanese equity markets will outperform their US counterparts over the next 12 months, JPMorgan Fleming predicts.

GLOBAL - Global pension assets have bounced back, registering their strongest performance since 1999, with total institutional pension fund assets in 11 major markets growing by more than 12%.

EUROPE - Investment managers predict European equities will continue to recover this year, a survey by Mercer Investment Consulting shows.

EUROPE - Initiative Finanzstandort Deutschland (IFD), the working party set up to stimulate Germany's financial services industry, has come forward with its first recommendations, including plans to simplify the private pension system.

GLOBAL - In an exceptionally speedy reversal of fortune, General Motors has almost hauled its US hourly and salaried pension plans back into the black.

EUROPE - The Irish pensions regulator, the Irish Pensions Board, is relaxing its rules on pension fund shortfalls.