News

RANK GROUP has transferred the assets and liabilities of its £700m scheme to Rothesay Life, a subsidiary of Goldman Sachs.

Private equity raises billions; Aviva flexes asset management arm; Credit crunch threatening to claim new hedge fund victim

UK - The Department for Work and Pensions (DWP) has announced 12,000 jobs will be eliminated in the next three years and 200 offices closed as part of on-going efficiency measures, having recently announced an 11% rise in productivity.

Local Government Pension Scheme benefits could be cut or member contributions hiked as the result of cost-sharing proposals issued last week.

THE presidents of both the Faculty and Institute of Actuaries have urged members to back plans to merge the two bodies.

NORWAY - The Ministry of Finance has appointed Partners Group as real estate consultants in preparation for the national pension fund's possible investment in the asset class.

PART-funded dental plans are the latest employee benefit to be introduced by tyre manufacturer Michelin.

Information watchdog targets private sector; Private equity turns to SWFs to fund deals; Head of BAA goes with payoff of £1m

US - New York City's five pension funds are using their combined influence to urge seven US-owned companies operating subsidiaries in Northern Ireland to implement guidelines that encourage and promote a means for establishing justice and equality in...

AUSTRALIA - A survey of super funds and employers representing over one million members has revealed 86% believe the current 9% mandatory savings rate is too small.