News

US - California Governor Edmund Brown has proposed a set of seven bills aimed at eliminating public-employee pension abuses in the state.

Tony Morris is the fifth person to be charged in the £52m GP Noble fraud case after being extradited from Australia, the Serious Fraud Office confirms.

Hermes Fund Mangers explains how the general move towards de-risking, the increased reliance on risk models and the increasing love of complex investment strategies may actually be some of the biggest risks facing schemes today.

UK - The asset management industry "abdicated responsibility" towards schemes during the financial crisis of 2008 and needs to become more responsible towards clients, Hermes says.

GLOBAL - Institutional investors should look beyond BRIC countries and consider smaller emerging markets such as Chile, Peru and Hungary, State Street Global Advisors' (SSgA) believes.

The Finance Bill has aligned default pension input periods with the tax year so that it ends on 5 April looking ahead, Sackers says.

The asset management industry "abdicated responsibility" towards schemes during the financial crisis of 2008 and needs to become more responsible towards clients, Hermes says.

BT brings forward pension top-up; Tax changes around the corner

Fiduciary duties must be radically overhauled to move away from the "myth" trustees' sole duty is to maximise returns for scheme members, a report says.

Measures to accelerate the equalisation of the state pension age have been slammed after amendments to the Pensions Bill to ease their impact were defeated in the Lords.