News

US - The judge who accepted the guilty plea of former New York Comptroller Alan Hevesi has transferred the pension-fund corruption case to another judge for sentencing, after refusing to withdraw because of an alleged conflict of interest.

Friends Life has launched today with five million customers across the pensions, investment and insurance markets in the UK.

SWEDEN - The Swedish Investment Fund Association (Fondbolagens Förening) has hit back at research suggesting pension investors are often unaware of the charges they are paying.

Uniq has completed restructuring after the deficit for equity deal which saw its pension fund take control of the company.

The Budget's message: get saving now; Equitable Life investors paid bonus to leave; Equitable Life savers get surprise pension boost; We will haunt MPs until they put this grave injustice right'

AUSTRALIA - The Australian Institute of Superannuation Trustees (AIST) has called for the industry to work together to reach an agreement on imminent Stronger Super reforms.

US - The California Public Employees' Retirement System (CalPERS) has appointed Russell Fong as acting chief financial officer (CFO).

Pensions minister Steve Webb has confirmed that a single flat-rate pension is one of a range of options that will be explored in a green paper to be published shortly.

Towers Watson has expanded its presence in Turkey by establishing a new subsidiary in Istanbul.

Towers Watson, LV=Asset Management, Future Fund, PGGM, Aegon, Hermes, Sandler O'Neill & Partners