News

Mercer has been hired to advise search engine giant Google on its employee benefits in the UK.

The government must do much more to back employers who are prepared to offer quality private sector pension schemes, Association of Consulting Actuaries chairman Keith Barton says.

Over 1000 delegates have now registered to attend this year's Professional Pensions Show.

rpmi has completed a major strategic restructuring in a bid to position itself for future expansion.

GLOBAL - Many sovereign wealth funds did not rebalance in the wake of the financial crisis, suggesting their roles as pension providers has lost importance, one expert said.

UK - The Financial Services Authority has confirmed it will continue to require disclosure of short selling - but said it will focus on pushing for an international transparency regime rather than establish long-term rules for the UK.

UK - There will be an ongoing process of automatic re-enrolment into personal accounts, pensions minister Angela Eagle said.

SWEDEN - The default investment option for Swedish investors will now be lifecycle funds, after a government directive mandated that individuals' assets should de-risk as they age, confirmed Richard Grottheim, executive vice president at AP7.

GLOBAL - Worldwide private equity fundraising has plunged in the third quarter of this year to levels unseen since 2003 following the dot com bubble, latest data from Preqin revealed.

AUSTRALIA - Australian superannuation fund UniSuper has bolstered its new advice service, which is due to launch later this year, with two appointments.