News

Pensions proposal faces opposition; Pension gap looks 'unsustainable'; Friends to sell F&C as part of overhaul; Woolworths carries out £385m loan deal

NETHERLANDS - ABN AMRO has received the go ahead from the Dutch central bank (DNB) to separate out its asset management business to join with Fortis.

US - The fiduciary duty on corporate pension plans has been tackled by a new Nationwide Financial Services solution.

AUSTRALIA - Voluntary superannuation contributions surged in the first half of 2007, boosted by the option to contribute up to AUS$1m (US$892,000) in non-concessional super before 30 June.

UK SCHEMES had the highest equity allocation in the global pensions market last year, according to Watson Wyatt's [ital] Global Pension Assets Study [/ital].

The Pensions Bill has failed to address a series of fundamental issues that could blight the success of personal accounts, Standard Life says.

AUSTRALIA - Australia's third largest institutional funds manager QIC has expanded its Australian equities team with the appointment of Vinay Narsi as a specialist listed property trust (LPT) research analyst.

Institutional sales saw total outflows of around £481m in December, latest figures from the Investment Management Association show.

South Korean state pension funds are to support local financial markets following requests from government.

GLOBAL - The UK remained top for mandate searches in 2007, according to a survey conducted by institutional investment newswire MandateWire.