News

Key allegations in the GP Noble fraud case have emerged - including the total amount at stake is £52m, court documents reveal.

Deregulatory easements making it easier for final salary schemes to function must be met with employer promises to keep schemes open, Angela Eagle says.

UK/US - The Bank of New York Mellon will acquire Insight Investment Management from Lloyds Banking Group for £235m (US$387.2m) and aims to make the UK-focused firm a more international player.

CANADA - Caisse de dépôt et placement du Québec is set to restructure its real estate division after it lost C$5.7bn (US$5.2bn) in the first half of the year.

FRANCE - The French pension fund manager Fonds de Réserve pour les Retraites (FRR) has hired Crédit Agricole Asset Management (CAAM) to run various asset classes when needed.

UK - Sales of enhanced annuities rose to £448m (US$739.5m) in the second quarter of this year, bringing the total sales in the first half of 2009 to £891m, Watson Wyatt research revealed.

Scottish Widows Investment Partnership will see its assets grow by £42bn following a strategic review of the asset management businesses of Lloyds Banking Group.

Advisers and members must beware of "hidden kickbacks" and "double charging" in some self-invested and self-administered schemes, Talbot & Muir warns

More independent trustees needed; Interserve shuts pension scheme to more staff; Shares rally reduces deficits in final salary pension schemes; BT pension managers target distressed debt

Sales of enhanced annuities rose to £448m in the second quarter of this year, bringing the total sales in the first half of 2009 to £891m, Watson Wyatt research reveals.