News

Almost two-thirds of single female pensioners receive less than £5,000 a year in private pension payments, statistics show.

The industry is likely to be kept waiting until November to hear the findings from the auto-enrolment review, Nigel Waterson says.

US - Marsh & McLennan, Mercer's parent company, has agreed to pay $4.75m to settle a suit brought by the Ohio attorney general alleging the firm conspired to eliminate competition in the commercial casualty insurance industry.

UGANDA - Uganda's state pension fund reported a return of 7% on members' contributions for the year to June, chairman Vincent Ssekkono said.

Global technology firm Smiths has agreed a 10-year funding plan for its two principal UK defined benefit pension schemes.

GLOBAL - Investor confidence fell in Europe and the US in September despite a rally in equities, research by State Street Global Markets (SSGM) shows.

US - The South Carolina public pension fund's plan to create a company to manage private-equity assets should be held up pending legislative and administrative review, according to a spokesman for state Treasurer Converse Chellis.

GLOBAL - Expectations for average total property returns are falling sharply around the globe as economic uncertainty, reduced access to financing and increased supply take their toll, research has warned.

SWEDEN - Northern Trust has appointed Annika Larsson and Erik Norland as senior relationship managers in Stockholm.

US - CalPERS is supporting Massey Energy's improved corporate governance proposals in the wake of a coal mine explosion which killed 29 of the firm's employees.