News

Northumberland County Council Pension Fund has appointed Northern Trust to provide it with transition management services.

EUROPE - The UK government is understood to be prepared to shoot down proposals for a financial transaction tax being mooted by Germany and France.

NEW ZEALAND - More than half (57%) of New Zealanders believe that KiwiSaver membership should be compulsory, according to research released by the Financial Services Institute of Australasia (Finsia).

AUSTRALIA - The HOSTPLUS superannuation fund has awarded Industry Funds Management (IFM) a A$100m (US$104m) active Australian equities mandate.

The European Central Bank will dodge quantitative easing to solve the eurozone sovereign debt crisis because its mandate does not allow it, an Aegon fixed income manager says.

DLA Piper's Tamara Calvert looks at issues covered in the DWP's auto-enrolment consultation.

Government assertions that the indexation switch from RPI to CPI was based on Bank of England recommendations are political spin, a former BA trustee says.

A confusing section of the Pensions Bill, which dictates how different employees are treated under auto-enrolment, must be changed before it becomes law, Aon Hewitt warns.

Expecting administrators and trustees to operate a five-day turnaround for transfer value cheques is "totally unrealistic" in many cases, a consultant says.

Making further, deeper changes to public sector pensions is the only way they will ever be fair to taxpayers, Charles Cowling says.