News

UK - Trustees who receive payment for services may need to register with the Tax Office to avoid falling foul of new money laundering regulations.

UK - Unions have joined forces to recommend Royal Mail workers reject the company's proposals for its pension plan, branding its consultation a "sham".

ISLINGTON Council Pension Fund has gone out to tender for two mandates worth a total of up to £400m.

GLOBAL - Knight Vinke Asset Management and its institutional shareholder supporters have renewed calls for HSBC to dispose of its Household International (HFC) business, responsible for some of its $17.2bn losses over 2007.

UK - Pension scheme trustees have been set a deadline of two years to ensure the key activities of winding up are completed, under a consultation paper issued today.

New strike threat is looming for Royal Mail; Pension changes could lead to record final salary deficit; Ballooning sector continues to rise

UK - The Policy Exchange has slammed the government on pensions, claiming its reforms lack ambition and personal accounts are a 'disaster waiting to happen'.

UK - The £1.2bn (US$2.4bn) North Yorkshire Pension Fund has selected AllenbridgeEPIC Investment Advisers (AEIA) to provide independent professional advisory services on governance and compliance.

US/CANADA - Pension plans have begun to extend shareholder action beyond the US by using Canadian courts in their bid to protect the rights of beneficiaries.

US - The Pension Benefit Guaranty Corporation (PBGC) has sold almost six million shares in Delta Air Lines.