News

SWITZERLAND - Fund of hedge funds group Gottex Fund Management Holdings suffered a 16% decline in fee-earning assets last year, but saw the managed account program it launched in June grow to US$500m reflecting interest from institutional investors in...

HM Treasury has trebled its estimate of the one-off costs that pension schemes, employers and individuals will incur as a result of the tax on higher earners' pension contributions it is introducing from 2011, Towers Watson says.

UK - HM Treasury has trebled its estimate of the one-off costs that pension schemes, employers and individuals will incur as a result of the tax on higher earners' pension contributions it is introducing from 2011, Towers Watson said.

Tax efficient arrangements such as employer funded retirement benefit schemes could come under heavy government scrutiny following yesterday's Budget, a consultant warns.

UK - Ignis Asset Management is encouraging industry leaders and politicians to debate hybrid schemes.

Ignis Asset Management is encouraging industry leaders and politicians to debate hybrid schemes.

Incoming Association of Consulting Actuaries chairman Stuart Southall has questioned policy makers' willingness to take strong action on pensions.

Wider impact feared of limits on wealthy; Free bus pass age to rise as default retirement age to be scrapped; Public sector to bear costs of tackling deficit; How pensions doubled the national debt

The board of NEST Corporation will be headed up by Lawrence Churchill with Jeannie Drake as deputy chairman.

The line up of trustees who will oversee the National Employment Savings Trust has been confirmed by the government.