Round up - October 10
Fund managers told 'don't panic' over the elephant in the room; Pension lifeboat liabilities increase; Banking crisis: Retirees may not be forced to buy annuities before age of 75; Relief rally at Aviva; Government considers Tory proposal on annuities; Darling cool on rescuing councils caught out with Icesave investments
Fund managers told 'don't panic' over the elephant in the room Financial Times It wasn't quite a case of fund managers clinging to each other in the bars and shouting, Corporal Jones-like, "Don't panic!"...
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PIC invests £60m in residential housing association
Pension Insurance Corporation (PIC) has agreed to a 30 year debt investment in Phoenix Community Housing, a not-for-profit, resident-led housing association in London.
Royal London to offer customers 'actuarially fair' GAR swap
Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
Salvus consolidates £7m Complete Master Trust
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.
Aon expands investment team with new head of client services
Aon has appointed Emma Adair to lead client service for its UK investment team.