News

US - The office of New York State attorney general Andrew Cuomo hit back at media reports suggesting he recused himself from the investigation of a company that he had ties with and allegedly received illegal kickbacks.

ITALY - Italian pension fund service provider PensPlan has appointed State Street to provide a range of investment services for €100m (US$140.6m) in assets.

Consultancy firms Towers, Perrin, Forster & Crosby and Watson Wyatt will merge, the two firms announced yesterday.

Consultancy firms Towers, Perrin, Forster & Crosby and Watson Wyatt will merge, the two firms announced yesterday.

Plan to drive 'commission bias' from financial advice system; Union demands details of Barclays stress test

The Printing Industry Pension Scheme is set to undertake an education programme to assist employers in the run up to 2012.

The proposed personal accounts framework could be used to provide inexpensive life cover for workers currently part of a £2.3trn protection gap, Friends Provident says.

Avalon Acquisitions - a company formed by funds advised by Permira Advisers - has confirmed it is considering a possible offer for Just Retirement.

NETHERLANDS - A group of investors in troubled financial company Fortis is in talks with foreign pension funds to launch a US class action style complaint against the Dutch state.

Babcock International has completed the first stage of its longevity swap deal in a bid to cap its exposure to increasing life expectancy.