News

Current investment theory and practice runs the risk of failing investors at their time of greatest need, a new group of investment managers warns.

Unison begins ballot of 1 million members over pensions strike; Unison expects legal challenges over ballot

Defined benefit schemes plunged £80bn further into deficit in September leaving more than 80% now with a funding void, according to the Pension Protection Fund.

The government must confirm whether auto-enrolment is to be put on hold or shelved or risk further undermining occupational pensions, industry figures argue.

Bosses have urged the government to clarify "current complexity and confusion" over the nuts and bolts of auto-enrolment.

The Bank of England has refused to buy a tranche of bonds under its quantitative easing buyback programme after traders drove up prices yesterday.

Trustees of The Dorchester's retirement benefit scheme have appointed Barnett Waddingham to provide a range of services including administration, actuarial and investment consultancy.

UK - Members of Lloyds TSB Pension Funds are demanding to know whether the £4bn ($6.25bn) partnership created to plug the schemes' deficits was used to offload "toxic assets".

AUSTRALIA - The A$24bn Commonwealth Superannuation Corporation has hired Northern Trust as custodian, marking the firm's first full-service master custody client in Australia.

KPMG snags Mercer partner, Mercer poaches from NEST, BlackRock, BlueBay, ICI, Impax, Man Group, Aviva, Barings