A FAILURE in corporate governance lies at the heart of the banking crisis, F&C Investments says.
UK - Pension funds continued to diversify into direct hedge funds and direct private equity, but are allocating significantly less to real estate, Watson Wyatt says.
Car retailer Inchcape has switched its UK employee benefits provider to broaden its benefit offering and increase employee engagement.
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The economic crisis has put defined contribution schemes under extreme scrutiny but they will emerge in better shape than before the downturn, Watson Wyatt says.
UK - The Merchant Navy Officers Pension Fund has delayed its planned insurance buyout deal for the old section of its scheme, as a result of market turbulence.
THE Merchant Navy Officers Pension Fund has delayed its planned insurance buyout deal for the old section of its scheme, as a result of market turbulence.
US - Coca-Cola Bottling Co., the second largest bottling company in the US, has suspended contributions to its 401(k) plan with effect from April this year.
NETHERLANDS - The Dutch government has extended the recovery period for pension funds from three to five years.
US - The board of the Alaska Permanent Fund has dropped two private equity investments as staff focus on boosting its core assets.