News

INDEPENDENT trustee firms could form an alliance to challenge HM Revenue & Customs over VAT charges, a law firm says.

UK - Amendments to the UK Pensions Bill will 'kill off' investments in businesses with defined benefit schemes, Simon Walker, chief executive of the British Venture Capital Association (BVCA) has claimed.

GLOBAL - Large asset managers have started shifting to segregated structures after realising the benefits of being multi-boutique, according to Fitch Ratings.

EUROPE - The debate on the leading location to domicile pan-European pensions has been reignited following the release of a prospectus by the Belgian government promoting the country.

SOUTH AFRICA - Leading figures in the South African pensions industry have called for confidence to be restored in the country's pensions system, following a series of scandals.

AN online service to raise the standard of trustee board performance has been launched by Muse Advisory.

US - Presidential candidate John McCain's adviser on pensions has warned the US faces a potentially catastrophic economic scenario unless workers can be encouraged to save more for their retirement.

US - The US$171bn California State Teachers' Retirement System (CalSTRS) has committed to almost double its climate change investments and increase the diversity of its manager portfolios.

THE Royal Borough of Kingston upon Thames has gone out to tender for a global transition manager for its £330m pension fund.

Pension scheme arrangements could come "full circle" if defined contribution schemes fail to deliver for savers, the Pensions Management Institute says.