Way back in December 2002 the government published a wide-ranging Green Paper entitled; Simplifying the taxation of pensions: increasing choice and flexibility for all with the aim of radically amending...
Plunging equity markets have wiped out all gains made by pension schemes from balanced pooled funds in the last year, BNY Mellon figures show.
Balanced pooled funds ended their run of positive quarters with a negative return of -8.9% for Q2 of this year, statistics show.
EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.
GERMANY - Deutsche Bank has set up a pension asset-pooling vehicle in Luxembourg aimed at its employees' pension assets and at other companies' funds.
Balanced pooled funds posted a median return of 18.4% in the third quarter of 2009, latest pooled pension fund performance results from BNY Mellon Asset Servicing reveal.