News

Glencore is under pressure to improve the terms of its $30bn offer for Xstrata after the latter proposed new compensation arrangements, and a leading shareholder came out against the deal.

Asset managers must act now to take advantage of prolonged market volatility, a report says, after the study revealed growing investor appetite for more dynamic asset strategies.

The Forth Ports Group Pension Scheme has appointed Punter Southall to provide actuarial and investment consultancy services.

Derbyshire County Council Pension Fund has reduced the number of Additional Voluntary Contribution providers it uses from three to one to boost take-up rates.

Local authorities will have to overhaul administration systems before changes to the Local Government Pension Scheme in 2014, warns a provider.

Providers operating master trusts may form a trade association, possibly as part of the National Association of Pension Funds.

Pensioners' incomes has grown faster since 1999 than those of working age people, the Institute for Fiscal Studies said.

The Competition Commission has ruled against BT's attempt to pay down its scheme deficit by increasing the charge it levies on competitors to use its broadband line.

Moody's Investors Service has downgraded the credit rating on 28 Spanish banks, including Banco Santander, less than a month after cutting the nation's sovereign rating.

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