Regions

HSBC Bank has clinched a deal to provide stakeholder pensions service to Wm Morrison Supermarkets' 40,000 employees.

Luxembourg Investment Funds Association (ALFI) has appointed Guy Legrand as its new president and appointed a new board of directors.

USAID, the United States Agency for International Development, is to start a search for custodians and investment managers for a new 401(K) retirement plan.

Major UK companies operating defined benefit pension schemes are finding this form of retirement provision to be a liability, according to Legal & General Investment Management.

A major factor in the decline of poverty among pensioners over recent years has been the increase in the number of people who retire with an occupational pension scheme, according to research by the UK's National Association of Pension Funds (NAPF).

The compulsory purchase of annuities at the age of 75 must be scrapped. This belief was expressed by a panel of UK industry experts who met at Skandia Life's recent Pathfinder Forum.

Invesco Pensions has won the contract to run the corporate stakeholder pension scheme for fast-food giant McDonald's Restaurants.

Skandia Life Assurance Company is restructuring its £75m ethical portfolio fund to run like a mainstream managed fund, with JP Morgan chosen to run the equity portion.

Global investment house Deutsche Asset Management (DeAM) has launched the Deutsche Asset Management Life UK Alpha Fund for pension clients.

Robin Hindle Fisher, chief executive officer at UK fund manager Phillips & Drew, is taking a year's leave to study for a masters degree at the London Business School.