News

EMPLOYEES are missing out on more than £5bn a year by failing to join company pension schemes, Prudential says.

INCLUDING: US - ERISA breach investigated; FRANCE - CA launches 10 new ETFs; GLOBAL - AIMA appoints non-exec chairman; UK - PGI appoints consultant relations director

UK - The FTSE has confirmed the latest companies to leave and join the FTSE 100 and FTSE 250 indexes.

GLOBAL - Targeting climate change should be made a priority to kick-start the global economy, a group of 140 global investors has said.

AN alliance of investors has urged 100 of the world's biggest companies to join an initiative to improve their policies and practices around the use of water.

CANADA - The long running C$45bn (US$36bn) buyout deal between the Ontario Teachers Pension Plan-led (OTPP) consortium and Bell Canada Enterprises (BCE) has collapsed due to solvency concerns.

AUSTRALIA - Minister for superannuation and corporate law Nick Sherry said the retirement age should stay at 65 in Australia following speculations over a potential increase resulting from the ongoing Future Tax System Review.

CANADA - Pension plan sponsors have been warned they need to be prepared for a wide range of potential shocks or adverse events, in a letter from the superintendent of financial institutions.

US - Companies that fail to meet minimum funding requirements have been given some relief as part of legislation approved by the House of Representatives yesterday.

THE FTSE has confirmed the latest companies to leave and join the FTSE 100 and FTSE 250 indices.