News

Proposals to include mortality assumptions as a new trigger for funding plans are "one step too far", The National Association of Pension Funds says

FRED.OLSEN has appointed Gissings to provide advisory, actuarial and administration services to its £27m pension fund.

AON CONSULTING has promoted Shahbaz Hamid to the newly-created position of commercial relationship director for Scotland.

The Personal Accounts Delivery Authority has appointed three non-executive directors.

UK - The modest losses announced by Henderson Group and New Star in the first months of 2008 were not attributed to institutional investors, the asset managers have claimed.

GLOBAL - Investor demand has driven the launch of absolute return and alternative funds, according to research by S&P.

US - A fifth of the US population is being failed by financial advisers in terms of their retirement planning, according to analysts Mintel.

UK - Watson Wyatt has called for greater advice and education for defined contribution scheme (DC) members at the decumulation stage to make the most of the options available.

CANADA - The Royal Bank of Canada (RBC) has announced CAN$855m (US$853m) in pre-tax write downs for the last quarter.

Insurers under fire for annuity mis-selling; Lonmin deal set to spur FTSE pension fund buyouts; Speculation grows over Libor changes; Canada spies opportunity