NETHERLANDS - The e450m Lucent Technologies has sealed its foray into hedge funds by investing in three funds of Deutsche Asset Management.
Arthur Smit, the director of the Lucent fund said: “We have allocated e25m or 5% of our portfolio to hedge funds and we do not plan to increase this stake.”
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.