News

NEW ZEALAND - KiwiSaver funds posted positive returns for the first quarter of 2011, with the meidan KiwiSaver growth fund returning 3.8% and the more conservative default median fund returning 1.6%, according to Mercer's KiwiSaver survey.

Pinsent Masons has appointed Carolyn Saunders as its head of its London pensions group replacing Christopher Berkeley.

An independent financial adviser has reported Legal & General to the Financial Services Authority for mis-representing the past performance of its High Income Trust by smoothing out volatile price movements.

Standard Life's former managing director of corporate, Gerry O'Neill, has been suspended from his role at the firm.

Capita Fiduciary has appointed Michael Clark as its newly created head of pension trusts with a brief to significantly grow the business.

Chief executives of the country's largest companies will receive official notification of their auto-enrolment responsibilities from The Pensions Regulator this week.

UK - Pension schemes should be legally obliged to perform due diligence before appointing a fiduciary manager, consultants say.

EUROPE - Pioneer Investments has appointed current head of western Europe Fabien Madar as head of the Netherlands and Nordics.

Insurer Aon said today Kristi Savacool and Baljit Dail will become the new co-chief executives of Aon Hewitt, replacing Russ Fradin who is leaving the firm to join SunGard.

UK/US - Insurer Aon said today Kristi Savacool and Baljit Dail will become the new co-chief executives of Aon Hewitt, replacing Russ Fradin who is leaving the firm to join SunGard.