News

PROFESSIONAL practitioners could boost their self-invested pension funds through the purchase of their own premises, a provider claims.

TRUSTEES are most concerned about buyouts and the future of defined contribution, research by the University of Edinburgh Business School and Aberdeen Asset Managers reveals.

THE Pension Protection Fund consultation into the equalisation of guaranteed minimum pension entitlements between the sexes was "misconceived", a lawyer says.

Merrill survey sees world downturn; ‘Addicted' to equities - and with very good reason; Twin forecasts set challenge for Bank; Fall in house prices forces the elderly to look for a wage

ACCOUNTING Standards Board proposals to include long-term pension liabilities in the financial reports of pension schemes should be rejected, the Pension Research Accountants Group warns.

The Financial Services Authority has fined the UK operations of Credit Suisse £5.6m.

UK - Credit Suisse has been fined £5.6m (US$10.5m) by the Financial Services Authority (FSA).

CANDADA/US - The Ontario Municipal Employees Retirement System (OMERS) and GIC Special Investments (GIC SI) have bought a minority stake in the largest electricity distribution and transmission system in Texas.

GLOBAL - Fears of inflation have all but evaporated among fund managers, reaching their lowest level since the downturn of late 2001, Merrill Lynch's latest fund manager survey has revealed.

ROMANIA - The first acquisition in the private pensions market could occur by the end of the year, the Romanian Private Pensions Supervisory Commission says.