News

Pensions secretary Peter Hain was guilty of "incompetence" after failing to declare large sums of money which funded his deputy Labour leadership campaign, the prime minister said last night.

CANADA - The majority of pension plans are failing to give investment managers direction on proxy voting, a survey from the Shareholders Association for Research and Education (SHARE) has found.

GLOBAL - Leading institutional investors have written to participants of the UN Global Compact, assessing the adoption of environmental, social and governance (ESG) issues in corporate performance.

Parmenion Capital Partners has launched the Consolidation Small Self Administered Scheme following a joint venture with Premier Pension Services.

The current MPs' pension scheme should be closed to new entrants and replaced with defined contribution arrangements, the Conservatives say.

US - Pension Governance and the Michel-Shaked Group have teamed up to launch a fee-based database with over 1,500 retirement plan legal actions for use by attorneys, trustees, board members and policy-makers.

Inquiry launched into Hain donations; Cameron call on MP pensions; Pensions deficits treble in a month; Fidelity reopens Magellan fund; Pensioner fraudster gets five years

The self-invested personal pension market grew by more than a quarter to exceed £50bn in 2007, Suffolk Life believes.

UK - Lachlan French has been appointed managing director and head of transitions management for Europe and Asia (ex-Japan) by Barclays Global Investors (BGI).

INCLUDING: GERMANY - Combined division for AllianzGI KAG; UK - Development actuary joins Hymans Robertson; Switzerland - ORTEC opens Swiss office