News

UK/Switzerland - GLG Partners has become the latest large hedge fund to see staff leave its UK offices for Switzerland due to high personal tax rates.

The value of a typical public sector pension has dropped 25% since the introduction of government reforms to reduce taxpayers' liability, a study says.

A group of 13 opposition MPs have called on the government to delay switching to the CPI index for public sector pensions until further research has been conducted into pensioner spending.

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

Richard Goldstein has been promoted to pensions partner at law firm Mayer Brown.

Pensioners groups are uniting in London to urge the coalition government against switching the pensions indexation to the consumer price index, as it will push millions into poverty.

The BBC has confirmed it will use Friends Provident to run a defined contribution scheme for new members.

US - Henry "Hank" Morris, the chief political adviser to former Comptroller of the State of New York Alan Hevesi, has pleaded guilty over his involvement in a pay-to-play kickback scheme.

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Charlie Metcalfe has been appointed president of Nikko Asset Management Europe to run the firm's business across Europe and the Middle East, as well as oversee its US operation.