News

THE Financial Services Authority is set to end its ban on the short selling of stocks of UK financial sector companies.

US - The San Francisco City and County Employees' Retirement System (SFERS) has gone out to tender for a search firm to help it replace executive director Clare Murphy, says deputy director for investments David Kushner.

Age Concern East Sussex has joined multi-employer pension scheme The Pensions Trust.

Defined benefit pension schemes operated by small businesses are now virtually extinct with 91pc closed to new entrants, an Association of Consulting Actuaries survey shows.

Bellway faces shareholder revolt; BarCap predicts slump in hedge fund industry

Friends Provident is simplifying its fund choice for company pension schemes.

FRANCE - Crédit Agricole Structured Asset Management (CASAM) has launched 10 new ETFs products on Euronext, increasing the total number of ETFs it has launched in 2008 to 21.

AUSTRALIA - Senator Nick Sherry, minister for superannuation and corporate law, has urged Australians to find lost superannuation accounts.

FTSE100 pension schemes have seen asset values slump by £65bn during 2008, research by Deloitte reveals.

TRUSTEES of the HBOS Final Salary Pension Scheme have asked a court to delay the takeover of its sponsoring employer by Lloyds TSB.