News

RESOLUTION Asset Management and Axial Investment Management will merge following Pearl Group's takeover of Resolution.

UK - Pension Corporation chief executive Edmund Truell has urged the government to focus on the "real pension issues", after its recent proposal to strengthen the powers of the Pensions Regulator (TPR) to deal with pension buy outs.

UK - The Lothian Pension Fund has become one of the lead plaintiffs in a class action lawsuit accusing BP of destroying shareholder value.

UK - HM Treasury has released figures showing contributions paid by UK Government departments and employees to public sector pension schemes are £30bn less than the cost of the new benefits being earned.

INCLUDING: UK - Global service manager for Northern Trust; AUSTRALIA - ASIC appoints CEO; UK - Linklaters pensions practice expands

A greater risk to pensions?; Credit Suisse leads wave of job cuts

ASIA PACIFIC - Mercer has created a role in its Asia Pacific region to provide investment solutions to mega funds.

Here they are - the winners of the UK Pensions Awards 2008.

GOVERNMENT and employee contributions to public sector pension schemes are significantly less than the cost of new benefits being earned, Watson Wyatt claims.

GLOBAL - Fears Europe is not as decoupled from the US slowdown as once thought may be behind a fall in investor confidence across the continent, according to State Street Global Markets.