News

TRUSTEES should not be scared by a pensions ombudsman determination which forced a board to personally repay £130,000, a law firm says.

NETHERLANDS - Mn Services has been chosen as fiduciary manager to the €360m SCA 't Anker and SCA Hygiene Products Nederland company pension funds.

GLOBAL - A report by Norges Bank has cited low interest rates and a declining dollar as the main drivers of surging commodity prices, not the effect of institutional investors such as pension funds.

UK - Bedfordshire County Council has appointed Hewitt Associates to act as investment manager for its £1.1bn (US$2.05bn) pension fund.

INCREASING numbers of people of state pension age claiming means tested benefits and the weakening economic climate will affect the launch of personal accounts, Scottish Life says.

Shares fall on fears of rising inflation and credit crisis fallout; Banks split three ways on rates

MANY schemes are beginning to look at governance software to help improve trustee effectiveness, eShare claims.

Lehman Brothers has launched a risk reduction product for pension schemes, PP has learned.

WILLIAM CRIST has been appointed to the board of Governance for Owners Group and will take over as chairman in October.

INCREASING longevity, market volatility and rising inflation are the biggest threats to saving for retirement, new research from MetLife Europe shows.