News

US - Ronald Logue will retire from his position as State Street's chairman and chief executive next year and will be replaced by president and chief operating officer Jay Hooley.

AUSTRALIA - The Investment and Financial Services Association has called for stricter liquidity standards for investments held in superannuation funds.

EUROPE - Crédit Agricole S.A. and Société Générale today announced their new merged asset management firm will be called Amundi.

Millions of pensioners paying too much tax, audit reveals

CSC UK is to close its £755m defined benefit pension scheme to existing members.

Millions of pensioners are paying too much tax, according to a National Audit Office report.

People must become more involved in their retirement provision ahead of significant changes to the pension landscape, a Pensions Policy Institute report warns.

Early auto-enrolment could increase pension pots by as much as 15% and help employers, industry figures say.

West Yorkshire Pension Fund head of pensions and investments Stuart Imeson is retiring today after 25 years of service with the scheme.

GLOBAL - The International Accounting Standards Board (IASB) today voted to not move forward with plans to eliminate the use of government bonds to determine discount rates.