News
United Kingdom
UK - The Association of British Insurers (ABI) has urged the Personal Accounts Delivery Authority (PADA) to favour a charging structure for Personal Accounts which combines an annual management charge (AMC) with a contribution charge.
16 July 2008
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Global
INCLUDING: US - Credit Suisse appoints hedge fund head; UK - Volatility changes retirement focus; IBERIA - Pioneer expands Iberian business; HONG KONG - Cathay Pacific raises retirement age
16 July 2008
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Australia
AUSTRALIA - The listed property trust (LPT) market offers diversification benefits, despite poor performances this year, according to a white paper published by LaSalle Investment Management.
16 July 2008
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Press
Ombudsman to call for Equitable payouts; Cable & Wireless thinks again over transfer of pensions risks; Paternoster sees further strong growth
16 July 2008
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Legislation
The Personal Accounts Delivery Authority has said it would be considering "several issues" after the industry failed to reach a consensus over the scheme's charging structure.
15 July 2008
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Legislation
NO clear consensus on the charging structure of personal accounts has emerged from the industry consultation, the delivery authority reports.
15 July 2008
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Bulk Annuities
PATERNOSTER has announced business growth of 550pc over the last 12 months.
15 July 2008
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US
US - Claims of ERISA violation and fiduciary duty breaches have brought pharmaceutical companies Hospira and Abbott Labs to trial, as former and current members of their retirement plans seek losses.
15 July 2008
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US
US - Fund managers investing in US equities have disagreed on whether the credit crunch has reached its negative peak, the latest update on the sector by Standard and Poor's Fund Services has revealed.
15 July 2008
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