News

GLOBAL - State Street has launched a new research facility to provide clients with insights into the current and future state of the investment management industry.

Directors' pay and pensions under scrutiny; Gove sets new strike hurdle as 15,000 schools face shutdown; Pensioners must pay up after mistakes by taxman; David Cameron: public sector pensions cost every household £1,000 a year; The grey lobby is bad for...

GLOBAL - The executive board of the International Monetary Fund (IMF) has chosen French finance minister Christine Lagarde as its new director.

Almost half of FTSE100 directors are either still members of open defined benefit schemes or retain benefits under closed schemes, according to research by Incomes Data Services.

The Prime Minister says MPs pensions will be subject to the same treatment as the rest of the public sector in the upcoming reforms.

SOUTH AFRICA - Global Pensions speaks to Dan Matjila, chief investment officer of the Public Investment Corporation, the asset managers for the country's largest pension scheme, about developmental investment.

UK - Scheme trustees must ensure their scheme does not slip down the priority order of creditors after company debt repayments doubled year on year, consultants warn.

The Treasury has agreed to hold separate negotiations with unions on reforms to the Local Government Pension Scheme after acknowledging its funded status made it different to other public sector schemes.

The Department for Work and Pensions has issued another consultation on easements to the employer debt regime.

Employers taking on business transfers could be on the hook for unexpected life assurance benefits, thanks to a quirk in Transfer of Undertakings (Protection of Employment) regulations.