News

CANADA - Canadian finance minister James Flaherty called for local finance ministers to support his plans to give tax incentives and modify pension standards to boost the defined contribution market, and to bring changes to the Canada Pension Plan.

GLOBAL - The European Central Bank will have to "engage in de facto fiscal policy" if the region's authorities wish to avoid a sovereign bankruptcy, according to Paul McCulley, a managing director at Pacific Investment Management Co.

Royal Mint has appointed Prudential to operate its defined benefit pension scheme.

BP shares plunge to 13-year low amid row over 'backing Britain'

HMRC's interpretation of minimum pension age rules is ‘complete madness' and could leave people aged between 50 and 55 with massive tax bills, Rowanmoor Pensions warns.

UK - HMRC's interpretation of minimum pension age rules is ‘complete madness' and could leave people aged between 50 and 55 with massive tax bills, Rowanmoor Pensions warned.

Incisive Media, publisher of Global Pensions, has won the prestigious AOP Award for Best Digital Publisher - Business.

Incisive Media, publisher of Professional Pensions, has won the prestigious AOP Award for Best Digital Publisher - Business.

US - AXA Rosenberg's cofounders are selling their 25% stake in the firm to its parent company and Barr Rosenberg will step down from the board two months after the company announced a coding error in its investment process.

BRAZIL - Lane Clark & Peacock has expanded its international network by partnering with Brazilian consultancy Rodarte Nogueira.