News

US -USI Consulting Group has agreed to pay $470,000 to resolve allegations it accepted concealed compensation from insurers for pensions business, the Connecticut attorney general office has revealed.

UK - Listed private equity fund of funds SVG Capital has posted a decline in net assets per share of 64.3%, in what the company's chairman Nicholas Ferguson called "the most difficult period in the company's history".

The Pension Protection Fund has appointed a new chief investment officer to oversee its investment portfolio, which is currently worth more than £3bn.

Listed private equity fund of funds SVG Capital has posted a decline in net assets per share of 64.3%, in what the company's chairman Nicholas Ferguson called "the most difficult period in the company's history".

NORWAY - Norway's domestically invested pension fund lost over 25% during 2008 in what it termed an "historically turbulent and challenging year".

US- Matthew Scanlan, former head of the Americas institutional business at Barclays Global Investors, has left the firm to become president and chief executive officer at Renaissance Institutional Management (RIM).

FRANCE - BNP Paribas has backtracked on a statement made Wednesday by Michel Anastassiades, global chief executive of subsidiary FundQuest, about the state of negotiations over the Fortis acquisition.

Schroders has hired actuary Margaret de Valois as a client director in its institutional team.

Here it is - the complete shortlist for this year's UK Pensions Awards.

FINLAND - The Finnish government's decision to increase the minimum age for pensions from 63 to 65 without consulting labour organisations first has sparked anger among unions and workers.