News

Asset managers set to downsize; SRI veteran questions 'spurious' data; Institutions key to developing rental sector; Give UK workers every incentive to top up pensions; Treasury may sell shares to City to cut taxpayers' bank bailout bill; UK recession...

HEWITT ASSOCIATES has hired John Nestor as head of distribution for its UK investment consulting practice following an increase in scheme demand.

Raising Standards of Pensions Administration has appointed Penny Green as chairman.

UK - Around 30% of UK workers have not saved or contributed enough towards a pension plan due to financial constraints, while those approaching retirement fear for the future, new research shows.

US - Boeing and the Society of Professional Engineering Employees in Aerospace, IFPTE Local 2001 (SPEEA) have reached a tentative agreement which would preserve the defined benefit pension (DB) scheme for new employees, the union has said.

UK - Some 1.5 million pension holders are planning to halt their pension contributions in an effort to stave off the effects of the impending recession, according to new research from AXA.

EUROPE - Kroll has completed a management buyout of its European corporate advisory and business recovery group and rebranded to Zolfo Cooper in Europe.

GLOBAL - Long-short funds, known as 130/30 funds, have grown in popularity over the past 12 months, despite wider market unease, a survey has shown.

BELGIUM - Pension funds lost an average of 15.5% over the year up to September, and shifted allocations from equities to bonds, research by Mercer reveals.

UK - The Pensions Regulator has started procurement for IT services providers for its personal accounts responsibilities.