News

Most advisers are blaming the complexity of the pension transfer process for the length of time it takes.

JLT Benefit Solutions has appointed Mark Adamson as a client director working across its administration services.

SWEDEN- Ingvar Skeberg, former executive vice president at Swedish pension provider AMF is no longer at the firm after he admitted to moving his capital out of the traditional insurance plan ahead of pension dividend cuts.

India - The public launch of the New Pension Scheme has been delayed because of impending elections.

US - The Securities and Exchange Commission (SEC) has charged two former officials at the New York State Common Retirement Fund (CRF) with fraud and accepting kickbacks for soliciting investments.

AUSTRALIA - Vanguard Investments Australia is set to launch a range of exchange-traded funds (ETFs) for Australian investors.

GLOBAL - The secondary private equity market is attracting increasing interest from pension schemes and institutional investors, a survey by Preqin reveals.

US - The California Public Employees' Retirement System (CalPERS) has singled out four companies for poor market and corporate governance performance.

SWEDEN - The chief executive of the Swedish pension buffer fund, AP3, has given back the bonus she received last year for strong 2007 performance an in effort to quell the public outcry against bonuses.

The Financial Services Authority has proposed to shut its defined benefit scheme to future accruals in a bid to cut costs.