News

AFRICA - Talks have been held in Nigeria and Ghana to investigate establishing a fiduciary ratings agency in a bid to improve the continent's investment competitiveness.

UK - A windfall of £300m could befall the pensions industry if a case against HM Revenue & Customs over VAT payments is successful.

MORGAN STANLEY has closed an infrastructure offering after raising $4bn (£2.1bn) of equity commitments.

Pensions strive to win VAT parity; Over-protection threatens DB pension schemes; Disenchanted companies desert Royal Mail; Regulation costs 'to double by 2010'

HEWITT Associates has hired Neil Smith as a member of its UK investment consultancy team.

THE aggregate funding position of the 7800 defined benefit schemes monitored by the Pension Protection Fund improved to £30.3bn at the end of April, latest figures reveal.

UK public funds could be missing out on millions in compensation through non-participation in US-based class action lawsuits, according to industry insiders.

THE administrative burden of personal accounts will only be overcome if the operation is electronic, the delivery authority says.

INEOS and Unite have agreed to begin talks over the pensions of 1200 workers at the Grangemouth refinery.

The Texas Municipal Retirement System (TMRS) has overhauled its fixed income-only strategy to include equities in the portfolio.