News

Mercer has launched a daily funding monitoring service which will allow schemes to check the value of their scheme assets and liabilities daily.

Blackrock has acquired the European private equity and infrastructure fund of funds arm of Swiss Re and entered into a strategic agreement with the re-insurance house.

Barclays boss Bob Diamond has resigned from the bank with immediate effect, just one day ahead of a parliamentary hearing into his conduct following the LIBOR scandal.

Prime Minister David Cameron has announced the government will conduct a full inquiry into the LIBOR and EURIBOR fixing scandal.

The Department for Work and Pensions has published guidance on auto-enrolment scheme certification for employers and advisers.

The Actuarial Profession has revised its guidance on how actuaries should manage conflicts of interest when advice is provided to both trustees and sponsorting employers.

The Pensions Policy Institute has appointed nine new governors, including Hargreaves Lansdowne head of research Tom McPhail and RPMI managing director administration Robert Branagh.

The liabilities of the FTSE350's schemes have reached 35% of their sponsoring employers' combined market capitalisation, Aon Hewitt says.

Pension funds run by specialist managers outperform funds run by balanced managers over 20 years, according to Cass Business School research.

Laws preventing employers from inducing workers to opt out of pension schemes come into force today.