News

UK - Pension and sovereign wealth funds are amongst those shoring up Barclays' balance sheet as main buyers of the bank's £4.5bn (US$8.8bn) share issuance today.

US - Boeing has brought in a defined contribution (DC) pension scheme for non-unionised staff who join the company after January 2009.

INCLUDING: US - New York State anti-fraud reforms passed; CHINA - State considering REIT market; US - Congress plans energy speculation rules; AFRICA - Fund charged for ignoring member wishes

The Pensions Trust was "bitterly disappointed" to discover its Pension Protection Fund levy had risen by £850,000 a year.

ARGENTINA - Watson Wyatt has bought consulting firm Marcu & Asociados to expand its business in Latin America.

GLOBAL - Hedge funds' double-digit returns dropped dramatically from 2006 to 2007, according to a study by Greenwich Associates.

THE Faculty of Actuaries has elected Ronnie Bowie as its new president.

UK - Over one in four (29%) employees are unaware of pension tax relief, according to the National Association of Pension Funds' (NAPF) Workplace Pensions Survey.

SINGAPORE - Office for Cordea Savills; UK - Ex-TPR staffer joins Grant Thornton; GLOBAL - PWC awarded CDP contract; US - Colorado trustees re-elected

THE pensions buyout market will hit £10bn this year, Legal and General says.