News

GP Noble trustees Graham Pitcher and Gary Cordell have appeared before magistrates to face charges relating to a £52m pension scheme fraud.

BNP Paribas Investment Partners and Fortis Investments have completed their merger.

Reform of the Open Market Option would boost government coffers by £1.7bn over 20 years and should form part of all political manifestos, a lobby group says.

CBI proposes lump sum public sector pension fix

The Confederation of British Industry has called for a shift to a ‘notional defined contribution' model - effectively pay-as-you-go DC - to tackle the £1trn unfunded public sector pensions deficit.

Universities Superannuation Scheme has appointed Man Group to run a managed account for up to $1bn (£0.66bn).

UK - Universities Superannuation Scheme (USS) has appointed Man Group to run a managed account for up to US$1bn.

The Tories say they will scrap means testing for Equitable Life victims if they are elected.

US - Two congressional groups have requested the US federal government and General Motors (GM) provide information on Delphi Corporation's salaried retirees that "has been requested numerous times and ignored as many times".

GLOBAL - The global private equity industry raised US$50.4bn in the first quarter of 2010, representing a 5% improvement from the last quarter of 2009, the latest report by Preqin revealed.