News

INCLUDING: US - New York State anti-fraud reforms passed; CHINA - State considering REIT market; US - Congress plans energy speculation rules; AFRICA - Fund charged for ignoring member wishes

The Pensions Trust was "bitterly disappointed" to discover its Pension Protection Fund levy had risen by £850,000 a year.

ARGENTINA - Watson Wyatt has bought consulting firm Marcu & Asociados to expand its business in Latin America.

GLOBAL - Hedge funds' double-digit returns dropped dramatically from 2006 to 2007, according to a study by Greenwich Associates.

THE Faculty of Actuaries has elected Ronnie Bowie as its new president.

UK - Over one in four (29%) employees are unaware of pension tax relief, according to the National Association of Pension Funds' (NAPF) Workplace Pensions Survey.

SINGAPORE - Office for Cordea Savills; UK - Ex-TPR staffer joins Grant Thornton; GLOBAL - PWC awarded CDP contract; US - Colorado trustees re-elected

THE pensions buyout market will hit £10bn this year, Legal and General says.

NETHERLANDS - Hermes is calling for ASM International's (ASMI) extraordinary general meeting to be delayed, following an indicative offer for the Dutch semiconductor equipment maker by Applied Materials (AMAT) and Francisco Partners (FP).

GRANT THORNTON has hired Len Fawke in a bid to strengthen its pensions advisory team.