Standard Life

JAPAN/UK - Japanese fund house Chuo Mitsui and UK-based Standard Life Investments have partnered to cross-manage funds worth US$2.2bn.

The initial charges associated with the National Employment Savings Trust Corporation could be increased to help cover the £280m deficit incurred by the national scheme at launch, industry experts say.

The coalition government must communicate its long-term vision for pensions to the public ahead of the 2012 reforms, experts say.

The Financial Services Authority has today confirmed the ban on commission for sales in the group personal pension market from January 1, 2013.

The default retirement age of 65 will be "quickly" phased out following a government consultation, the Budget reveals.

The industry has unanimously backed George Osborne's emergency Budget promise to investigate alternatives to the introduction of pension tax relief restrictions for high earners.

The cost of implementing the new high earners' pension tax regime will spiral to £2.5bn - a figure seven times that originally estimated by the Treasury, Standard Life warns.

NETHERLANDS/UK - Dutch pension fund and asset manager PGGM has allocated €75m (US$89.8m) to a UK property fund run by Standard Life.

Insurance specialist Zurich will launch an institutional corporate wrap platform in early 2011, PP has learned.

Corporate wraps will soon hit the UK workplace savings industry. Laura Blows explores how these are developing and the effect these corporate platforms may have