News

Towers Watson has appointed Chris Ford as head of investment for Europe, Middle East and Africa.

UK/US - Administrators for Nortel Networks and Lehman Brothers are challenging The Pensions Regulator in the High Court over the watchdog's ability to impose a financial support direction against them.

Administrators for Nortel Networks and Lehman Brothers are challenging The Pensions Regulator in the High Court over the watchdog's ability to impose a financial support direction against them.

GLOBAL - Towers Watson has appointed Chris Ford as head of investment for Europe, Middle East and Africa.

POLAND - Poland is unlikely to suspend mandatory payments to private pension funds and will look for ways to finance the budget deficit that won't "dismantle" the pension system, Prime Minister Donald Tusk said.

US - Dow Jones has teamed up with Sustainable Asset Management (SAM) to launch a sustainability index for institutional investors.

AUSTRALIA - Australia's retirement savings gap grew from A$695bn ($879bn) in 2008 to A$897bn in 2009, latest figures show.

UK - The combined pension deficit of FTSE100 firms could jump by £25bn ($39.7bn) in one month due to unhedged risk exposure, a report suggests.

UK - Nikko Asset Management has appointed former First State Investments chief executive Charlie Metcalfe as President of its European, Middle East and US operations.

Aegon has started consultation with unions over 51 redundancies across its employee benefits and finance departments.