News

UK - The Pensions Regulator (TPR) has launched a consultation on the importance of record keeping for scheme administrators.

ITALY - Italian mutual funds suffer from asymmetries in transparency regulations, lack of diversification of the distribution network and tax disadvantages, a report by the Bank of Italy has found.

UK - Corporate governance standards of UK listed companies outperform the the rest of the world, Mark Burgess, head of equities, Legal & General Investment Management (L&G), has claimed.

A NEED to focus on core company business is the most influential factor in deciding to outsource pensions administration, latest research from Aon Consulting shows.

THE investment strategies of FTSE 100 company pension schemes are exposing their corporate sponsors to significant risk, Deloitte warns.

US - Banking firm BB&T has sold 2.45 million of its common stock to its pension fund for US$52.9m.

GLOBAL - Investor confidence has reached similar levels around the globe, according to State Street Global Markets.

GLOBAL - Demands for disclosure from sovereign wealth funds (SWFs) will fail as long as other players in the market reject calls for transparency, according to State Street Global Advisers (SSGA).

US - San Diego mayor Jerry Sanders has announced agreement has been reached with unions on pension reform.

REDINGTON Partners has appointed Ian Maybury as senior actuary in its insurance and pensions team.