News

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.

Banks cut hedge fund lending; Credit Suisse slumps to £1bn loss as crisis hits

Professional Pensions has launched The Pension Scheme of the Year Awards 2008 in a bid to find the best pension funds and managers in Britain.

The National Pension Reserve Fund of Ireland (NPRF) has redesigned its RFP documentation to encourage participation from boutiques and simplify the selection process.

The Ontario Teachers' Pension Plan (OTPP) faces legal action from spurned bidder Catalyst Asset Management after the takeover of Bell Canada Enterprises (BCE) by the consortium led by the Canadian pension plan was approved.

The California Public Employees' Retirement System (CalPERS) has vowed to 'aggressively deploy its capacity' to alleviate current market disruption brought about by the collapse of the auction rate market.

THE Pension Protection Fund has revised the maximum levels of compensation available to its members.

CANADA - Class action shareholder litigation against Biovail Corporation, brought by the Canadian Commercial Workers Industry Plan, has been settled.

The Personal Accounts Delivery Authority should not be forced to adhere to UN principles for responsible investment, the Investment Management Association says.