News

Running personal accounts on a target annual management charge of 0.3pc may be unrealistic, the Personal Accounts Delivery Authority chief executive Tim Jones warns.

Car giant Ford must ensure current pension arrangements at Jaguar and Land Rover are protected when it sells the brands, trade union Unite warns.

PricewaterhouseCoopers has developed a new "reservoir fund" which will allow sponsors access to scheme surpluses and give trustees funding security.

Trustees assessing employer covenants must realise that even strong firms could fail during the lifetime of a scheme, the Society of Pension Consultants warns.

US - The San Diego City Employees' Pension System (SDCERS) has been hit by revelations it paid $8m in excess benefits to 102 members between 2001 and 2007, including high ranking city employees.

Cowen Group has launched a UK asset management business focusing on long-only equities as attractive valuations bring the sector back into favour.

The government is aiming to push through the second Pensions Bill before the Christmas break, employers have been told.

Key challenges facing human resources professionals will be under the spotlight at a two-day Chartered Institute of Personnel and Development conference next month.

GLOBAL - Pension funds across the globe often share the same outlook for the future, according to AXA Rosenberg, at the completion of its investor conferences.

Property companies have been punished "disproportionately" during market volatility following the credit crunch, LaSalle Investment Management has said.