News

EUROPE - Reporting choices available to European banks under accounting rules can give investors a misleading view of the impact pension plans have on the banks' capital, a report by Moody's Investor Services revealed.

The Pension Protection Fund has recruited seven private equity secondary managers to a panel for potential future investment.

UK - The Pension Protection Fund (PPF) has recruited seven private equity secondary managers to a panel for potential future investment.

GLOBAL - Short selling activity by hedge funds has rotated out of equities, as a rally in lower quality companies over the past year has come to an end, and into corporate bonds as spreads have tightened.

The department for work and pensions has published a note for employers detailing the risk sharing options available under current legislation.

Almost a fifth (18%) of people retiring in 2010 expect to receive less than £10,000 a year from their pensions and investments, as expected incomes drop for the third year runnning, research suggests.

Royal London went into the black in 2009, with the group boosted by pensions sales and a strong take-up of its Ascentric wrap.

Henderson's Stephen Peak remains comfortable with his near 12% stake in Gartmore despite seeing the fund manager's share price slide more than 30% this week.

Friends Provident is launching a new corporate investment platform aimed at employee benefit consultants and trustees in the unbundled pensions market.

Professional Pensions has scooped the prestigious HR Publication of the Year Award at the Towers Watson Awards for Excellence in HR Journalism, held in Westminster last night.