News

eShare has launched an updated version of its scheme governance software.

The government will fail to protect millions of Britons from poverty in old age unless it makes vital changes to the way in which it plans to introduce personal accounts, a Royal Society for the Encouragement of Arts, Manufactures and Commerce report...

Daily Mail and General Trust is shutting its final salary pension scheme to new employees joining from October, the media group says.

The British Chamber of Commerce has called for an immediate suspension of the 2010/2011 Pension Protection Fund levy in a bid to support employers affected by the economic downturn.

RUSSIA - Barclays Bank has hired Bob Foresman as managing director to lead its Russian investment management and investment banking business, the bank said today.

UK - The National Association of Pension Funds has launched a quality mark for defined contribution schemes in a bid to recognise firms providing good schemes for their staff.

EUROPE - Hedge fund managers' client base has become more institutional than retail over the past year - leading to an "insitutionalisation" of the industry, International Asset Management said.

US - Four private equity firms have agreed to return over US$4.5m to the New York State Common Retirement Fund (CRF) to resolve their roles in the ongoing investigation on alleged pay-to-play practices at the scheme.

AUSTRALIA - The median growth superannuation fund returned 3.2% in August, marking the sixth straight month of gains, said research firm Chant West.

Pension schemes to face 'quality mark'; BCC calls for pensions levy to be scrapped; SPC calls for end to annual rise in final salary pensions; British firms must find hundreds of millions for bosses' pensions