News

GMB has called on the government to pull the plug on energy regulator Ofgem after it proposed to change utility workers pension provision.

Union targets Ofgem in row on pensions; Dunlopillo calls in administrators; Potter printer axes final salary scheme; Pound sinks 10pc on the dollar in a month lifting costs for industry; Oil falls as signs of slowdown begin to spread

THE trustee of the Cable & Wireless Superannuation Fund has bought out its pensioner liabilities in a bulk annuity buy-in worth over £1bn.

NETHERLANDS - Dutch institutional investors have dramatically increased their commitment to socially responsible investing in recent years, a report from the Association of Investors in Sustainable Development (VBDO) has revealed.

US - Hedge fund assets grew by 23.6% as a result of increased allocations by pension funds in the year up to September 2007, research by The Conference Board shows.

UK - Trade union GMB has called on the government to instruct energy regulator Ofgem to drop proposals to cut workers pensions.

ASIA - The assets of Asia Pacific sovereign pension funds swelled by 20% last year to US$1.8trn, according to Watson Wyatt.

US - Women face greater financial risks during retirement and must adapt their savings plans to accommodate their unique situation, according to a study released by Wharton Financial Institutions Centre.

UK - Thousands more people are now receiving compensation from the Pension Protection Fund (PPF), latest figures reveal.

The London Borough of Redbridge is considering allocating some of its pension fund assets into alternatives, including hedge funds.