News

UK - Pensions minister Steve Webb has admitted as many as one million additional people would be excluded from automatic enrolment should be the qualifying level of earnings be raised to £7,000.

Pensions minister Steve Webb has admitted more than one million additional people would be excluded from automatic enrolment by raising the qualifying level of earnings to £7,475.

Aegon has sold its third-party administration business to corporate consultants Goddard Perry for an undisclosed sum, saving 82 jobs.

The Alternative Investment Fund Managers directive is set to be voted into law within the next two weeks after negotiators agreed the final text of the rules.

FRANCE - Fonds de reserve pour les retraites (FRR) has put its currency overly mandate out to tender.

HUNGARY - Hungary's parliament has approved the suspension of social security payment transfers to private pension funds as the government seeks to meet a deficit goal approved by the nation's creditors.

UK - Coalition plans to introduce a universal state pension of £140 a week need serious investigation to assess whether they are fair and affordable, the Labour Party warns.

EUROPE: The Alternative Investment Fund Managers (AIFM) directive is set to be voted into law within the next two weeks after negotiators agreed the final text of the rules.

EUROPE - The investments, pensions and securities market is the least trusted by UK consumers, and considered as honest as the second-hand car industry by Europe.

The investments, pensions and securities market is the least trusted by UK consumers, and thought as honest as the second-hand car industry by Europe.