News

US - The SEC moved again overnight to curb short selling, limiting the practice for all US-listed shares that have fallen by more than 10% in a day, and are still dropping.

The Pensions Regulator looks set to tighten its grip on registered independent trustee companies following a number of high profile governance failures, industry players say.

Slash generous pension tax breaks for the wealthiest savers, say industry lobbyists; Call to reform council pensions; Bosses in boost to staff DC pensions; Today's thirtysomethings 'must work until 70 to pay for their old age'

FTSE100 employers are increasing average contributions to defined contribution schemes despite the economic downturn, Towers Watson says.

The FSA has ordered RSM Tenon Financial Services to undertake a review of its pension switching business going back almost four years amid concerns about the suitability of advice.

Tax-relief restrictions should be scrapped and the government must issue more long-dated and index-linked gilts, the National Association of Pension Funds says.

UK - Tax-relief restrictions should be scrapped and the government must issue more long-dated and index-linked gilts, the National Association of Pension Funds said.

SWEDEN/NORWAY - Swedish company Skanska Infrastructure Development has sold its 50% stake in a Norwegian road operated as a public private partnership to its two parent company pension funds for SEK170m (US$23.5m).

EUROPE - A third of multi-national companies operating in Europe are set to implement pan-European pension arrangements by 2015, Hewitt Associates has forecast.

A third of multi-national companies operating in Europe are set to implement pan-European pension arrangements by 2015, Hewitt Associates forecasts.