News

The current draft of the Alternative Investment Fund Managers European directive could give rise to significant legal uncertainty, a committee of the Bank of England says.

EUROPE - The current draft of the Alternative Investment Fund Managers European directive could give rise to significant legal uncertainty and "systemic failure", a committee of the Bank of England said.

Telecoms giant Cable & Wireless will pump an extra £30m into its defined benefit pension scheme following the demerger of C&W Worldwide and C&W Communication.

Pension schemes took a step back from inflation hedging measures in the last quarter of 2009, figures from the latest F&C Liability Driven Investments survey show.

Pension dispute; Pension move to ease C&W demerger

Hermes Fund Managers has launched a global credit asset management boutique with an initial £400m investment from the BT Pension Scheme.

Life and pensions providers Royal London and Standard Life have reported strong growth in their UK businesses during 2009.

The £12m Mercury Provident Pension Scheme has appointed DBC Pension Services to provide it with full administration and trustee secretarial services.

A former BlueBay hedge fund manager has been fined £140,000 and banned by the FSA for misleading investors and the regulator.

UK - The Conservative Party has confirmed a large chunk of its pensions strategy in a major policy document on economic growth.