News
Bulk Annuities
Trustees of the Thorn pension fund have completed a £1bn buyout transaction with Pension Insurance Corporation.
15 December 2008
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United Kingdom
UK - Trustees of the Thorn pension fund have completed a £1bn (US$1.5bn) buyout transaction with Pension Insurance Corporation.
15 December 2008
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Appointments
NEWTON Investment Management has restructured its fixed income investment team in a bid to enhance its research process.
15 December 2008
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Hedge Funds
AN alleged fraud by Bernard Madoff highlights a "fundamental lack of transparency" within the hedge fund industry, Inalytics warns.
15 December 2008
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Global
GLOBAL - An alleged fraud by Bernard Madoff highlights a "fundamental lack of transparency" within the hedge fund industry, Inalytics warns.
15 December 2008
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US
US - The Pension Benefit Guaranty Corporation (PBGC) has started official proceedings to terminate and protect the Lehman Brothers pension scheme.
15 December 2008
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Global
ISRAEL - The Israeli cabinet is set to assist pensioners whose savings been affected by recent market turmoil.
15 December 2008
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Ireland
IRELAND - The Irish government has announced a recapitalisation programme for national credit institutions of up to €10bn (US$13.5bn), which could be funded by the National Pensions Reserve Fund (NPRF).
15 December 2008
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United Kingdom
UK - FairPensions warned fund management companies are likely to endanger investment performance and alienate clients by cutting teams dedicated to analysing environmental, social and governance (ESG) risks and opportunities.
15 December 2008
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US
US - Insurance firm AEGON has dropped its request to access the US bailout fund.
15 December 2008
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