News

Barnett Waddingham has launched a bid to buy up clients who have been ‘orphaned' by providers and advisers who have left the market since A-Day in 2006.

EUROPE/US - Swiss Re has transferred $50m of longevity trend risk to the capital markets.

US - The California Public Employees' Retirement System (CalPERS) has submitted a shareholder proposal to Apple calling on the computer firm's directors to win at least a majority of votes to retain their board seat.

An hedge fund will offer investors the chance to use Twitter posts to gauge the mood of the stockmarket.

Groups push pensions based on lifetime pay; Liberal Democrat pensions minister Steve Webb: 'Coalition looks too lovey-dovey'; Cut in public-sector pensions 'non-negotiable', David Cameron says

DENMARK - ATP investment chief Bjarne Graven Larsen is leaving the Danish pension fund to join FIH Erhvervsbank as chief executive officer.

UK - Public sector final salary schemes should be scrapped and replaced with a career average alternative, the National Association of Pensions Funds says.

SPAIN - Spain's pension overhaul will be "as ambitious" as the government's initial proposal, which included an increase in the retirement age, Prime Minister Jose Luis Rodriguez Zapatero has said.

JAPAN - The Government Pension Investment Fund should establish a board of directors and employ a chief executive and chief investment officer, a report by the OECD has concluded.

A TV advert for Aviva, in which the insurer claims it can provide 20% more income for annuity customers, has been banned by the Advertising Standards Authority.