News

The management team at The Pensions Advisory Service is to be cut back after a Deloitte review identified corporate governance issues at the body.

EUROPE - T. Rowe Price has launched its first global fixed income absolute return strategy.

UK - The Conservatives have pledged to reverse the multi-billon pound pension "tax raid" introduced in 1997 by then chancellor Gordon Brown.

US - Two more people pled guilty in the ongoing investigation relating to a pay-to-play scheme at the New York State Common Retirement Fund (CRF), New York state attorney general Andrew Cuomo announced yesterday.

IRELAND - Aer Lingus said it will negotiate with trustees of both its defined benefit schemes to create a defined contribution plan for all its employees as part of a company cost-cutting measure.

GLOBAL - The secondary private equity market could parallel the buy out bubble of 2007, one consultant warned.

GLOBAL - Nearly 70% of all asset management merger and acquisition activity in the third quarter were a result of banks shedding their asset management arms, data by Jefferies Putnam Lovell showed.

The Accountancy and Actuarial Discipline Board has launched a probe into the conduct of an actuary in connection with Equitable Life.

Aviva has called on the government to scrap higher rate tax relief on pensions and introduce a blanket unified relief rate of 30%.

The Conservatives have pledged to reverse the multi-billon pound pension "tax raid" introduced in 1997 by then chancellor Gordon Brown.