News

The Universities Superannuation Scheme will launch a separate section of its scheme on 1 October to enroll members in its new career average arrangement .

UK - The Government should cap defined contribution scheme charges to match the existing limits on stakeholder pensions to avoid complaints about ‘mis-selling', the Workplace Retirement Income Commission says.

US - Northern Trust has completed its acquisition of hedge fund administrator Omnium from Chicago-based Citadel.

Government should cap defined contribution scheme charges to match the existing limits on stakeholder pensions to avoid complaints about ‘mis-selling', the Workplace Retirement Income Commission says.

Wendy Mayall has joined Stamford Associates as a managing director and head of strategy after leaving the Unilever pension scheme.

US institutional investment plan sponsors had their fourth consecutive quarter of positive results in the second quarter of 2011, research shows.

US - President Barack Obama has announced a deal to end the US debt crisis, which will raise the nation's debt ceiling by at least $2.1trn and cut the federal deficit by as much as $2.5trn over a decade.

GLOBAL - Introducing environmental, social and governance (ESG) criteria into an investor's stock selection process has no negative impact and is more likely to lead to outperformance over the longer term, research suggests.

Marks & Spencer is set to replace its current pension scheme with a ‘bundled mastertrust' called Your M&S Pension Savings Plan in preparation for 2012.

UK/US - Plans to close General Electric aviation's defined benefit scheme could halt production at the world's largest aeroplane engine producer after angry workers threatened strike action.