News

Firefighters take on pension rules; Hedge fund fears push up Libor rates; Sterling near record low before rate decision; Time for chancellor to enforce more efficiency

THREE firefighters will take their pensions battle against the government to the High Court today.

UK -The Firebrigade's Union (FBU) has launched a legal challenge against a government ruling that has left some badly injured or disabled firefighters without pension rights.

UK - Xafinity Consulting has been appointed by Burger King to improve pension scheme services for its members.

US - Five companies have been urged to adopt a majority vote standard in director elections, in a shareholder proposal from the New York City pension funds.

THE National Association of Pension Funds has launched an investment competition in a bid to identify and share best practice.

US - The New York State Common Retirement Fund has invested US$22m in a $425m private equity investment, to purchase a medical supplies manufacturer.

AUSTRALIA - Aberdeen Asset Management has named Bill Bovingdon as chief executive of its Australian business.

FIDELITY International has reported a record year for UK defined contribution business wins.

THE Universities Superannuation Scheme has bought the freehold interest in the Eden Walk shopping centre in Kingston upon Thames.