News

THE Total Produce Pension Scheme has appointed HR Trustees to work along side its existing trustee board.

EMPLOYERS will be able to use existing contribution calculations when working out if their scheme is exempt from personal accounts, the government says.

RAISING Standards of Trustee Education has launched a website to provide trustees with practical information and guidelines.

Minister acts on warnings over new pensions savings scheme; Pru takes on part of Rank's pension scheme; Moneysupermarket.com's takeover bid came from Canadian pension fund; HBOS leads bank gains as buyers see cause for hope

GLOBAL - Institutional investors are not to blame for rising agricultural prices, the Managed Fund Association (MFA) in the US has concluded.

CANADA - Teachers' Private Capital, the private investment arm of the CAN$108bn (US$106bn) Ontario Teachers' Pension Plan (OTPP), has confirmed rumours it has approached a major shareholder of moneysupermarket.com with regards to a possible offer.

UK - FTSE 100 company pension scheme deficits might increase by a further £80bn over the next year as a result of the schemes' investment strategies, a study by Deloitte has found.

SWITZERLAND - Credit Suisse's asset management compensation expenses were higher in the second quarter of 2008 than the same time last year, despite a 44% fall in revenues, the bank's report has revealed.

UK - The desire of companies to refocus on their core business is the most important driver to outsourcing pension fund administration, according to Aon Consulting.

BALANCED pooled funds have failed to achieve a positive median return for the second consecutive quarter, latest BNY Mellon Asset Servicing figures reveal.