News

Including: UK - Hewitt selected by House of Fraser; CHINA - Invesco pledges to help quake victims; IRELAND - Mercer managed fund index falls; DENMARK - Pension reforms suggested

Bank of England set to resist calls for interest rate cut; FSA strengthens team

THE Financial Reporting Council has appointed Louise Pryor as director of actuarial standards.

CANADA - The CAN$108bn (US$106bn) Ontario Teachers' Pension Plan (OTPP) has subscribed for an additional convertible debenture in Railpower Technology Group worth $20m.

AIG Investments and Larch Lane Advisors have formed a joint venture to make seed investments in hedge funds.

THE Financial Services Authority has issued proposals to stop insurance companies charging compensation for pensions and other mis-selling to the inherited estates of with-profits funds.

FIRST STATE INVESTMENTS has expanded its global equities team in a bid to meet pension scheme demand.

NETHERLANDS - PGGM's head of strategy and structured investments, Johan van der Ende, has been named chief investment officer.

KiwiSaver is being hailed as the shining light for UK pension reform but comparing the two would be like comparing apples with pears, a consultant warns.

Including: US - NYC faces $500m extra pension costs; SWEDEN - SEB pension insurers fined $5m; CANADA - BCE deal goes to appeal; AFRICA - Uganda backs reform