News

EUROPE - The European Commission will start a search for candidates to run three new regulators for the region's banking, securities and pension industries.

The National Association of Pension Funds has highlighted trustee fears of unlimited fines or two years in prison for breaching new rules aimed at limiting investment in sponsoring employers.

Ecclesiastical Investment Management is set to expand into the institutional investment market and has hired Mark O'Connor to head up the business.

UK - The Pensions Ombudsman and the Pensions Protection Fund Ombudsman could be merged with The Pensions Regulator, a leaked Cabinet Office document suggests.

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.

US - The New York State Common Retirement Fund has published research investigating the impact of adopting a fixed income only investment strategy.

Pension trustees rattled by new rules; BA and Iberia merger set for take-off after deal on funding of £3.7bn pension deficit; Royal Mail under fire for £5bn pension scheme "bet"

Schroders has launched a specialist investment service for trustees of closed defined benefit schemes.

There continues to be "overwhelming rejection" of the BBC's pension proposal, despite a revised offer from the director general, trade unions say.

An influential group of UK pension funds have written to the Financial Reporting Council supporting the Stewardship Code for investors.