News

US - Schott Group Investment Consulting has joined CapTrust to create Florida's largest private investment consulting firm.

UK - A two day strike at the Grangemouth oil refinery in Scotland has gone ahead after discussions between petrochemical company INEOS and trade union Unite broke down last week.

THE government went out to consultation on proposals to extend The Pension Regulator's powers on Friday.

UK - The Pensions Regulator (TPR) sought to reassure companies it would only retrospectively use its new powers in certain situations and would try to avoid hampering market activity or innovation.

UK - Balanced pooled funds produced their first negative quarterly return since Q2 2006 with the three months to the end of March 2008 making a median -7.9%, according to BNY Mellon Asset Servicing.

The Merseyside Pension Fund in the UK has revamped its asset allocation in order to help it recover from its £1bn deficit (US$1.98bn).

THE £2bn Avon Pension Fund has launched a system to allow scheme members to view their pension details online.

Unite is set to hold a mass meeting for 1200 members working workers at Ineos' Grangemouth refinery in Scotland today.

THE Association of British Insurers has published guidance for member companies on improving the customer claims process for annuity purchases.

Hefty bonuses for executives of poorly performing companies have angered pension funds which have seen the value of their shares plummet.