News

Government plans to scrap the default retirement age are "not fit for purpose" and should be delayed by a year, the Confederation of British Industry says.

The Barclays UK Retirement Fund has launched its own asset management company to give its in-house investment team more flexibility around investment decisions.

Schroders has lured Nicolaas Marais from BlackRock to head its multi-asset solutions team.

Pension Corporation has appointed Jim Collins as its chief actuary.

UK - Goldman Sachs' insurance subsidiary Rothesay Life has bought a majority holding in Paternoster following a four-month sale process.

Rothesay Life has bought a majority holding in Paternoster following a four-month sale process.

UK - Pension schemes should overhaul their internal governance structures to ensure they are able to take "timely and considered" investment decisions, Schroders says.

CANADA - Caisse de Depot et Placement du Quebec, Canada's second biggest pension-fund manager, plans to boost staff at its private-equity unit by about 25% next year as it looks to increase investments in its home province.

CANADA - Employer-sponsored pension funds recorded their first decline in assets in more than a year in Q2, research shows.

UK/US/CANADA - A financial support direction issued by The Pensions Regulator against insolvent companies is an expense of the administration and must be complied with, the High Court has ruled.