News

Global Pensions asked a panel of experts to explain how the US subprime crisis had impacted on cash management and money market funds, and how pension funds could make better use of the asset class

US - The US Department of Labor has asked the Federal District Court in Texas to hold Hewitt Associates in civil contempt, claiming it wrongly dispursed settlement funds to Enron employees, causing a US$9.15m shortfall in funds.

Andrew Gibson argues well diversified multiple strategy funds of hedge funds are the best way for pension funds to access hedge funds in these turbulent times

LAURIE EDMANS has been reappointed as a non-executive director of The Pensions Regulator by pensions secretary James Purnell.

EUROPE - AEGON is working with Citigroup to develop a platform it believes will be the first step in offering multinational companies truly international pensions solutions.

GLOBAL - Watson Wyatt Worldwide vice president and chief financial officer Carl Mautz has stepped down as the group announces strong growth in the second quarter.

UK - The Confederation of British Industry (CBI) has slammed proposals from the Accounting Standards Board (ASB) to change the way liabilities are calculated and reported, describing them as a "kick in the teeth" for firms committed to defined pension...

US - Pension funds could see pending class action lawsuits in the US dismissed following the ruling taken on the so-called 'Stoneridge case' in the US Supreme Court.

Pensions Management Institute vice-president Brian Critchell is joining communication consultant Anthony Hodges Consulting.

Lancashire County Council has been accused of discriminating against 150 disabled fire brigade pensioners by trying to force them to submit to "illegal" data checks.