News

UK - Doctors are urging local government pension schemes to ditch their investments in tobacco companies because they are "unethical" and lead to the death of thousands.

Longevity risk fears are spiking for defined benefit pension schemes, as surging life expectancy puts pressure on scheme funding strategies, a survey shows.

UK - The British Medical Association has challenged the government in the High Court over pensions paid to widowers by public sector schemes in a case which could cost the taxpayer £4bn ($6bn).

Man Group is to acquire the remaining exposure to the estates of bankrupt US investment giant Lehman Brothers from funds managed by its institutional asset management subsidiary, GLG Partners, for $355m (£221m) in cash.

US - Standard & Poor's has placed 76 fixed-income funds on credit watch because of their exposure to US Treasury and government agency securities.

Replacing tax relief on pensions with a matched savings scheme and setting up a "no-lose lottery" could help plug Britain's savings gap, a think tank says.

NAPF fears Solvency II type rules; Call for councils to remove £1bn in pension funds from tobacco firms; Dick Sluimers: APG pension chief calls for level regulatory playing field

GLOBAL - Man Group is to acquire the remaining exposure to the estates of bankrupt US investment giant Lehman Brothers from funds managed by its institutional asset management subsidiary, GLG Partners, for $355m in cash.

Doctors are urging local government pension schemes to ditch their investments in tobacco companies because they are "unethical" and lead to the death of thousands.

SSgA; Newton; CIC; Russell Investments; SRL Global