News

TURBULENT credit market conditions mean corporate reporting and governance risks are higher than they have been for "some years", the Financial Reporting Council warns.

NETHERLANDS - The ABP pension fund has expressed a desire to enter into a partnership with one or more of Europe's large pension funds to create a flagship body to pursue environmental, social and governance (ESG) investments.

Government ends battle over pensions; Norwich Union given £1.26m fine after fraudsters cashed in £3.3m in life policies; ECB to lend below market rates in credit squeeze fight; China eyes UK funds

TOTAL returns in the commercial property sector on the IPD UK monthly index have suffered their worst monthly total return on record.

PENSIONS secretary Peter Hain has announced a new package of help for up to 140,000 people who lost savings when their employer-sponsored pension schemes collapsed.

HEWITT ASSOCIATES has hired David Crum to strengthen its public sector investment consulting team.

US - Goldman Sachs Group has launched the first tradable index for longevity and mortality risks, called QxX.LS.

UK - Weir Group, a FTSE250 listed pumps manufacturer, has sold part of its pension plan to insurance provider Legal & General (L&G).

Weir to sell part of pension to L&G; Olivant ready to pay maximum for Northern Rock; Ministers plan to take key powers from Bank during financial crisis

US - Financial risk due to pensions liabilities has eased in the past year, thanks to a combination of higher funding levels, pension surpluses and improved corporate performance.