News

CHINA/UNITED ARAB EMIRATES - The Bank of New York Mellon has launched a sovereign advisory board targeting sovereign pension plans, wealth funds, central banks and sovereign owned entities.

The latest edition of the Pensions Review sees Terry Faulkner of Goldman Sachs and Hewitt's John Belgrove discuss how pension schemes are coping with turbulent markets, and which asset classes are offering the best value.

Two major local authority schemes have started legal action against Royal Bank of Scotland, alleging it made "materially false and misleading" statements about its financial health.

Pensioners hire Cherie Blair to sue Sir Fred Goodwin and RBS; Pension fund treads a thorny path; Stock market falls wipe £42bn off pension schemes in one month; Letters: Pensions and the City; £40,000 each: The personal cost of the downturn

Market volatility has made 44% of trustees more interested in transferring pension scheme risk, a survey by MetLife Assurance reveals.

February saw £42bn wiped off the value of defined contribution scheme assets, Aon Consulting figures reveal.

Barclays is in talks with a US private equity firm over the sale of its iShares exchange traded fund business, Professional Pensions has learned.

Zurich Financial Services has introduced a new green benefit for its UK staff offering reduced rate travel on public transport.

The £24m Habitat UK Pension and Life Assurance Plan has appointed SEI to act as its fiduciary manager.

UK - Two major local authority schemes have started legal action against Royal Bank of Scotland, alleging it made "materially false and misleading" statements about its financial health.