News

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.

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

Unison is considering making changes to its defined benefit scheme but has committed to keeping a viable final salary pension for staff, the union confirms.

People with no retirement savings could be forced to work until they are 86 if they want to achieve two-thirds of their final salary, Standard Life says.

Unison forced to cut back scheme; Tories vow clampdown on 'fat cat' pensions; Pensions report was flawed says John Ralfe

The personal accounts delivery authority has appointed Nick Carter as its general counsel.

Aon Consulting has appointed Donald Duval as head of the fiduciary management service it launched with Russell Investments in July.