News

INSTITUTE of Actuaries president Nigel Masters believes the proposed merger with the Faculty of Actuaries will be a significant challenge during his term in office.

US - The Police and Fire Retirement System of the City of Detroit has filed a class action lawsuit against clothes manufacturer Gildan Activewear.

THE £1.45bn Royal County of Berkshire Pension Fund has gone out to tender for seven mandates in a bid to diversify its assets.

AUSTRALIA - Major super funds have run at a loss for the year to date, a study by research house Super Ratings revealed today.

THE Pensions Regulator has published final guidance for occupational scheme trustees to help them meet the government's expectations on scheme wind-ups.

NEW ZEALAND - The country's First Party has warned the National Party and Labour Party to prepare to lift superannuation levels to 68% of the national average wage after the next election, following the two other major parties reportedly agreeing to retain...

GLOBAL - The credit crisis is likely to have a strong negative impact on the real economy for at least the next three years, according to delegates at Fund Forum International 2008.

Capita Hartshead has appointed five new directors to manage different specialist services within the company.

UK - The Sainsbury's pension scheme trustees have refuted claims of a fund buyout which appeared in the press following renewed interest in the supermarket group by Qatari investors.

THE NETHERLANDS - Buck Consultants has invested in Phenox Actuarissen to expand its European network.