News

THE industry must be aware of the negative overlap between means tested benefits and personal accounts, The Pensions Policy Institute warns.

THE fund management industry is a "long way" from best practice over environmental, social and corporate governance issues, research by RImetrics shows.

MEMBER engagement and communication must be improved to defuse the ticking time bomb of defined contribution pension schemes, delegates heard.

US - Participation in 401(k)-type savings and Individual Retirement Account (IRA) pension plans is directly correlated with educational background, age and income, figures from the US Employee Benefit Research Institute (EBRI) have shown.

PIMCO has appointed Rick Ford as a senor credit portfolio manager in a bid to strengthen its portfolio management team.

AON Consulting has hired Julie England, Emma Moseling and Nick Lewis in a bid to expand its Bristol-based benefits solutions division

THE pensions industry needs to work together to form an active system of sharing standard industry data, Legal & General Investment Management says.

ITALY - The selection process for the annuity provider for Italian pension funds has been called into question by Watson Wyatt over allegations of possible conflicts of interest.

UK - The first FTSE100 company, Lonmin, has completed a pension fund buyout with Paternoster.

EUROPE - Fortis, BNP Paribas and Dexia cited challenging market conditions to defend underperformance in Q1 2008.