News

Rowanmoor Pensions has paid tribute to joint managing director David Seaton after coroners identified his body.

Just two out of five people who are close to state retirement age believe they have saved enough to afford to be financially comfortable when they stop work, latest research from MetLife Europe shows.

Small companies raid pensions to survive recession

The aggregate funding position of the 7400 defined benefit pension funds monitored by the Pension Protection Fund worsened to a deficit of £173.2bn in August.

Overlay Asset Management has launched two single hedge currency funds in a bid to broaden its offering to pension schemes.

Pension schemes should encourage members of defined contribution schemes to personalise their investment strategies by helping them set individual journey plans, a Watson Wyatt paper says.

AUSTRALIA - Aviva Australia has launched an integrated separately managed account for superannuation investors in a bid to take advantage of increasing interest in self-managed accounts.

CANADA/UK - The private equity arm of the Ontario Municipal Employees Retirement System (OMERS) has appointed Mark Redman as senior managing director for Europe.

UK - Whitbread is set to close the defined benefit section of its group pension fund to future accrual at the end of 2009.

US - The California Senate has passed a bill requiring more disclosure by placement agents looking for business from government pension funds.