News

AUSTRALIA/CANADA - Australian pension reserve fund Future Fund has terminated discussions with the Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers' Pension Plan (OTPP) regarding their proposal to acquire Transurban Group.

GLOBAL - Pension funds are slowly but steadily returning to the asset backed securities (ABS) market while worthwhile opportunities are becoming more difficult to grab, experts said.

Here it is. A full summary of the government's decisions on pensions tax relief restrictions:

AUSTRIA - UK-based F&C Asset Management has submitted a potential takeover bid for Austrian asset manager C-QUADRAT Investment.

The government has announced further amendments to the trivial commutation regulations governing smaller pension pots.

US - Excessively high foreign exchange trading fees could be costing investors up to 2% of their total portfolio over a 40-year period, new research by Russell Investments showed.

The Debt Management Office plans to increase issuance of longer dated conventional and index-linked gilts in the coming financial year in response to strong structural demand.

Financial skills will be assessed as part of GCSE maths from this year, the Chancellor has announced.

"Mr Deputy Speaker, this Budget takes place as the UK economy is emerging from the deepest global recession for over 60 years...

The government has rejected industry pleas to change the way it will implement pensions tax relief restrictions.