News

UK/DENMARK - NOW Pensions, the new scheme to be launched by Danish group ATP early next year, has vowed to bring "highly competitive" charges to the UK market.

Kingfisher has extended the asset-backed funding partnership with its pension scheme with the addition of two UK properties worth £119m.

An equity market review has been launched to assess whether asset managers and pension fund trustees are delivering good value for money to scheme beneficiaries.

Independent Trustee Services has added legal and regulatory experience to its board with the appointment of Martine Trouard-Riolle as a director.

US - The California Public Employees' Retirement System (CalPERS) has suspended the chairman of its Investment Policy Sub-committee following complaints by colleagues.

The Financial Services Authority (FSA) has fined Peterborough-based Rockingham Independent £35,000 and imposed partial bans on its directors and an adviser for exposing retirees to unsuitable advice.

The Brintons Limited Staff Pension and Life Assurance Plan has entered Pension Protection Fund assessment after private equity firm Carlyle triggered its sponsor's insolvency then bought the business.

Pensions industry personality, conference speaker and author Dryden Gilling-Smith has died aged 84.

The Office of the Pensions Ombudsman would be unable to cope with the volume of complaints if auto-enrolment fails, says ombudsman Tony King.

Pension schemes are "waking up" to their record-keeping requirements, with the vast majority on track to meet The Pensions Regulator's December 2012 deadline.