News

EU plans to introduce Solvency II funding requirements to UK schemes face an "overwhelming tide of objection" and should be abandoned, lawyers say.

Long promised disclosure regulations covering electronic communication will come into force on 1 December, a lawyer says.

The National Employment Savings Trust will up its exposure to return-seeking assets through direct investment about five years into its life, its chief investment officer says.

Government proposals to prevent the transfer of contracted-out benefits from final salary to money purchase schemes would be "contradictory, retrograde and unnecessary", Hargreaves Lansdown says.

The pensions industry could be forced to legally disclose their environmental, social and governance policies under proposals put forward by the European Union.

The trustees of the Biffa Pension Scheme have appointed Aon Hewitt to provide investment advice and delegated consulting services.

US - Contractors seeking business from the California Public Employees' Retirement System will have to disclose whether or not they used an agent, the pension fund said.

UK - Investec has agreed to sell Rensburg Fund Management Limited to Franklin Templeton for £45m ($71.5m).

It is wrong and "possibly illegal" for trustees to fully embrace The Pensions Regulator's stance on enhanced transfer value exercises, Raj Mody says.

UK - Institutional bond investors look increasingly likely to suffer amid the ongoing debt crisis and should seek safety in secured assets, M&G warns.