News

UK - Members could end up cross-subsidising those with high pay rises as a result of the "scheme pays" annual allowance option.

US - New York City's police pension hired Permal Group to invest in hedge funds, choosing the Legg Mason unit over firms including Blackstone Group.

US - Goldman Sachs managing director, head of investment strategy Kurt Winkelmann has joined MSCI as managing director and head of risk & analytical research.

The UK's largest trade union has demanded Fair Deal pension arrangements remain untouched after the government issued public consultation on them.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

Members could end up cross-subsidising those with high pay rises as a result of the "scheme pays" annual allowance option.

Pension funds target £100m saving in tax showdown; Fair Deal pension woe

Mercer has confirmed the appointment of Emma Douglas as leader of its workplace savings group.

Here they are - the winners of the Global Pensions Awards 2011.

SOUTH KOREA/JAPAN/BRAZIL - South Korea's National Pension Service and Posco, the world's third-biggest steelmaker, will buy a combined 15% stake in a Brazilian niobium producer with a group of Japanese companies.