News
United Kingdom
UK - The Pensions Regulator has rejected proposals from chilled prepared foods firm Uniq to fund a £436m scheme deficit.
19 July 2010
•
Law
US - The American International Group has agreed to pay US$725m to settle a class action suit brought by three Ohio pension funds alleging bid-rigging, stock price manipulation and accounting fraud.
19 July 2010
•
Regulation
The Pensions Regulator's strengthened guidance on transfer incentives is permeated by a "presumption of guilt", industry figures say.
19 July 2010
•
Australia
AUSTRALIA - Australia's savings could grow by another billion dollars a year with the use of better back-office administration, former corporate regulator Jeremy Cooper has said.
19 July 2010
•
Investment
Two pension funds of cleaning and hygiene products company, Jeyes, have appointed SEI as their fiduciary manager.
19 July 2010
•
Japan
JAPAN - Fund managers have seen assets under management in mandates from Japanese pension schemes jump by 20.2% in the year to March 31.
19 July 2010
•
Defined Benefit
The Pensions Regulator has rejected proposals from chilled prepared foods firm Uniq to fund a £436m scheme deficit.
19 July 2010
•
Canada
CANADA/UK - The Canada Pension Plan Investment Board and Onex, Canada's biggest publicly traded buyout firm, are examining Tomkins' accounts after signalling they may bid about £2.9bn ($4.4bn) for the British maker of auto parts and window frames.
19 July 2010
•
Canada
UK - UK private equity firm Candover Investments has confirmed that talks over its sale to a Canadian pension fund have broken down after three months.
16 July 2010
•
Appointments
GLOBAL - BlackRock has restructured its management team creating a new head of portfolio management role, three new regional organisations and an alternatives investment group.
16 July 2010
•
