News

Hannah Brenton examines the latest figures on scheme assets

The National Employment Savings Trust has backed calls to remove legal restrictions blocking it from taking transfers in and limiting contributions.

The National Audit Office has refused to sign off fully the 2011-12 Civil Superannuation accounts, which report the results of the Principal Civil Service Pension Scheme.

Punter Southall has promoted Lorant Porkolab and Craig Wootton to principal.

The Association of Investment Companies has elected William Hemmings to its board.

Most small companies do not believe fewer, larger pension schemes will result in better value for money for savers, says the Association of Consulting Actuaries.

The FTSE 100 rose 6.43% or 379.07 points in January, making this the strongest start to a year since 1989.

Insurance companies such as Standard Life and Resolution could lose out from a Financial Services Authority probe into the £11bn annuities market, analysts say.

The £1.2bn Cornwall Council Pension Fund has appointed Invesco Perpetual to manage its £50m diversified grown mandate.

F&C Asset Management revealed net outflows of £4.9bn in the last quarter of 2012, as the investment house struggles to regain momentum under activist investor Edward Bramson.