News

P-Solve investment consultant 'found naked with drunk PA at his office'; Pension watchdog in standards drive; Executive pension costs revealed.

Directors of FTSE100 companies will have to pay more than £50,000 a year in additional tax from 2011 until they retire because of the tax-relief restrictions, a report by Lane Clark & Peacock reveals.

INCLUDING: US - Delphi; US - Lockheed earnings cut by pension costs; SWEDEN - Swedes not to work over 65.

The government has rejected renewed calls to provide compensation to Equitable Life policyholders who lost out when the insurer was forced to close to new business in 2001.

The £330m Royal Borough of Kingston upon Thames Pension Fund has appointed eight managers to run its scheme.

Mercer has made two appointments within the manager research team in its investment consulting business.

The Financial Services Authority has fined HSBC Actuaries and Consultants £875,000 for having lost personal information of 1917 pension scheme members.

One in two financial advisers admits to failing to have a thorough knowledge of the annuities market, Annuity Clearing House research reveals.

UK - HSBC Actuaries and Consultants was fined £875,000 (US$1.4m) by the Financial Services Authority (FSA) for having lost personal information of pension scheme members.

Friends Provident has halted discussions on a take-over proposal by Resolution due to structural and governance concerns, the insurer says.