News

HR Trustees has promoted Graham Withers to head of operations.

The "administrative nightmare" of auto-enrolment into National Employment Savings Trust will divert necessary attention from the scheme's investment strategy, the Pensions Institute warns.

UK - The "administrative nightmare" of auto-enrolment into National Employment Savings Trust will divert necessary attention from the scheme's investment strategy, the Pensions Institute warned.

The department for work and pensions finally shattered the collective defined contribution dream late last year when it announced it would be taking no further action on this widely-supported form of risk sharing.

Pitmans Trustees is the latest organisation to publicly criticise the effectiveness and merit of the default fund in defined contribution pensions.

The re-branding of personal accounts as the National Employment Savings Trust is an important milestone in the process of implementing auto-enrolment and other employer duties from 2012.

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US - President Barack Obama called for the discontinuation of tax cuts for investment fund managers in his first State of the Union address yesterday.

FRANCE - The Fonds de Réserve pour les Retraites (FRR) has selected Goldman Sachs International and Russell Implementation Services as transition managers.