News

A fifth of intermediaries in the group pensions market believe they will have fewer customers and earn less because of the RDR, according to a study from ORC International.

The BBC is facing a "winter of growing discontent" over proposed changes to the pension scheme, cuts and jobs, the National Union of Journalists warns.

Insurers will be forced to increase buyout prices in the medium term unless CPI-linked instruments are issued in the coming months, Punter Southall says.

Pensions proposal to lift tax-free threshold; Switch to CPI will hit benefits; September shares rally halves pension scheme shortfall; Renewed threat of pension strikes

ASIA - HSBC Global Asset Management has appointed Joanna Munro as chief executive officer of its Asia-Pacific business.

HM Treasury will announce new pension taxation rules including the cap on the annual allowance tomorrow.

AUSTRALIA - The governance benchmark for superannuation trustees should be higher than that of listed companies, the Association of Superannuation Funds of Australia believes.

LCP has promoted five of its consultants to partner in its pensions and insurance practices.

US - Law firm Manatt Phelps & Phillips has agreed to a five year ban on appearing before any New York public pension fund and will pay $550,000 to the state, Attorney General Andrew Cuomo said.

Four Capital Partners has hired former Morgan Stanley Investment Management manager Colin McQueen to set up a global equities offering at the firm.