Schroders cuts back as profits half; Legal & General at record low amid fear of cash call; France to press for hedge fund crackdown
Pension Protection Fund proposals to include longer term risk alongside existing one year scores when calculating individual levies are "convoluted" and "completely wrong", BrightonRock says.
EUROPE - The European Parliament industry committee has approved the creation of a pan-European pension fund for researchers.
US - Declining asset values and discount rates caused pension funds to lose some $445bn during 2008, Watson Wyatt has said.
THE Pensions Regulator has approved the financial support arrangements for Sea Containers' two UK group pension schemes.
UK - Three more schemes entered the Pension Protection Fund during last month, resulting in a further 745 people around the UK receiving compensation either now or in the future, the PPF reveals.
SWEDEN - The pension companies' capital buffer continues to decline but it is still at 'satisfactory' levels, Finansinspektionen (FI) claims.
AILING pension schemes should question whether they would be better off staying outside the Pension Protection Fund in order to safeguard members' savings, a lawyer has warned.
Us - The funding level of S&P1500 companies stabilised in January, latest estimates from Mercer reveal.
FUND managers have sharply conflicting views on how the current downturn will play out, Hewitt Associates says.