News

Jeannie Drake has been named as the acting chairman of the Personal Accounts Delivery Authority.

The complete shortlists for the Specialist and Alternative Investment Manager Awards 2008 are below.

Town hall millions may be lost in Iceland; Funds managers welcome confidence boost; Uniq blames lost appetite for profit warning; Henderson seeks investor backing for restructuring

UK/US - Pensions education as a solution to the lack of DC scheme enrolment does not work and is a total waste of money, delegates at UK's National Association of Pension Funds (NAPF) Annual Conference were told yesterday.

UK - The UK's National Association of Pension Funds (NAPF) has announced plans to reward better than average defined contribution pension schemes with a 'Pension Quality Mark'.

GLOBAL - The director-general of the Banca d'Italia Fabrizio Saccomanni has called for the International Monetary Fund (IMF) to become a global monetary and financial watchdog.

NEW ZEALAND - The opposition National Party has proposed a plan to finance cuts in personal tax payments by reducing contributions to the government's KiwiSaver pension fund.

US - The American Academy of Actuaries (AAA) has asked the Actuarial Standards Board to develop standards to consistently measure the economic value of public pension fund assets and liabilities.

INCLUDING: GLOBAL - IASC support for IASB's credit crisis response; UK - Jeannie Drake named acting chairman of PADA; US - CalPERS officially launches search for CEO

THE government's plan to shore up the battered UK banking sector with a £50bn emergency share capital package and a further £450bn of loans and guarantees to boost liquidity has been well-received by the pensions industry.