News

A round up of the presentations at the Currency Management Forum in Sydney, Australia

The national minimum wage should rise by nearly 9pc to £6 an hour next year, the Trades Union Congress says.

IRELAND - Gains made by Irish pension funds at the start of the year have been lost, as they continue to be impacted by the sub-prime crisis.

Falling persistency levels highlight that traditional methods of pricing pension plans are unsustainable, Scottish Life has claimed.

THE Pensions Bill 2007 - which will reduce legislation for employers providing pensions and introduce automatic enrolment - has been introduced today.

CANADA - The chief actuary has told a senate standing committee that the Canada Pension Plan (CPP) is in good health.

Schemes must become more focussed on shareholder engagement and focus strategies more carefully, the London Pensions Fund Authority told delegates.

Axa Investment Managers is reshaping its institutional business with the creation of three clear "pillars" to make it more proactive and receptive to its clients.

Aberdeen Asset Management has reported a 30pc increase in assets under management to £95.3bn.

Aberdeen Property Investors has completed a second retail investment in Belgium for one of its pan-European funds.