News

AUSTRALIA - The promoter of a superannuation rollover scheme has appeared in the Brisbane Magistrates Court.

CANADA - The union oversight committee of Canada's Prince Edward Island (PEI) government employee pension fund has been reduced from three members to one by the province's government.

UK - Independent pension trustee Law Debenture has issued the latest in its series of Pensions Essentials, aimed at helping trustees identify and manage the major risks to a defined benefit (DB) pension scheme.

UK - The pensions industry has reacted to the Pension Regulator's announcement of new longevity rates for actuarial valuations, with concern raised that the excess funding levels required to achieve coverage would severely increase scheme liabilities....

HORNBUCKLE MITCHELL delivered its fifth consecutive year of growth in 2007, latest company figures reveal.

SWEDEN - Informed Portfolio Management (IPM) has expanded into the German and Continental European markets with its first local office in the region.

UK - One in 10 employees fear cuts to their pensions, research from pensions and employee benefits consultants Hymans Robertson has found.

AUSTRALIA - The investment industry needs to address a range of tax, regulatory and infrastructure reforms to support local investors and maximise opportunities on the world stage, the Australian Custodial Services Association (ACSA) has warned.

MSCI Barra is set to launch an investable Asia-Pacific hedge fund index.

Proposals to add pressure on pension funding; Barclays reports profits of £7bn