News

The independent panel of experts tasked with assessing the viability of auto-enrolment and NEST has finished a run of seminars with stakeholders.

Pension tax relief plans secure backing

HR Trustees director Esther White has been appointed as chairman of The Association of Corporate Trustees pensions committee.

SWITZERLAND/US - Credit Suisse Group AG has won the dismissal of damage claims by a US pension fund that bought Credit Suisse Global shares on the Swiss Stock Exchange.

US - Legg Mason's assets under management fell 6% over the quarter due to tough market conditions and ongoing redemptions, latest figures reveal.

NEW ZEALAND - The New Zealand Superannuation fund was up 15.45% in the year ended June 30, the second best yearly performance since its inception in 2003.

AUSTRALIA - Australian energy superannuation funds ESI Super and SPEC Super have agreed to a merger deal that will create a new A$3.4bn (US$3.1bn) fund.

CANADA/UK - The board of car parts manufacturer Tomkins has backed the 325p per share cash offer from Onex and the Canada Pension Plan Investment Board (CPPIB) despite strong opposition from shareholder Standard Life Investments.

The Association of Consulting Actuaries is undertaking a survey seeking employers' views on the government's upcoming review of auto-enrolment and NEST.

Chemicals company Croda International is changing the accrual rate of its pension scheme for new members, despite a slight improvement in its scheme deficit.