News

The proposed European Union directive to regulate alternative asset managers could cost investors some €5bn (£4.6bn), a report commissioned by the Financial Services Authorities reveals.

Revamp of council pensions urged; EU directive on the City will leave pension funds £1bn worse off

The Liberal Democrats have urged the government to act quickly to finally resolve Equitable Life compensation.

The Pension Protection Fund levy should be limited beyond the two years horizon recently decided, the National Association of Pension Funds says.

Local government pension funds across England and Wales lost £24bn in asset value during the past 12 months, figures from the department for communities and local government reveal.

The Labour party will not scrap the tax relief on pensions for people who earn less than £150,000 a year, secretary of state for work and pensions Yvette Cooper says.

Only just over half of pension schemes have a totally open and honest relationship with their administration provider, Professional Pensions research reveals.

EUROPE - The cost of an ageing population in Europe is expected to "dwarf" the impact of the current financial crisis many times over, a European Commission report revealed.

US/UK - A US buyout market to rival the UK's is not likely in the short term because of competing mindsets among the countries' policy makers about the future of defined benefit systems - US officials still have faith.

UK- Aegon has let go four members of its European equity team as part of a restructure which will also see the departure of the group's sales and marketing director Jon Bennett.