News

THE self-invested personal pensions market continues to be dominated by men, figures from James Hay reveal.

US - State and local government pension schemes were well funded and should capably match future obligations, according to a new report, prompting calls for similar schemes to be extended to the private sector.

UK - The Pension Protection Fund (PPF) has appointed Peter Walker as director of its delivery directorate.

UK - Welsh Rhondda Cynon Taf local government pension scheme has appointed Record Currency Management as active currency manager.

AUSTRALIA - BT Financial Group (BT) and Westpac Banking Corporation (Westpac) have launched a new concept combining banking and wealth management.

UK - BAA has awarded State Street Global Advisors (SSgA) a 130/30 mandate worth £330m, as hundreds of its workers demanded a ballot on strike action over the closure of its defined benefit (DB) pension scheme to new entrants.

WATSON WYATT has released an enhanced version of its VIPitech financial modelling tool for the UK bulk purchase annuity market.

UK - The National Association of Pension Funds (NAPF) has appointed David McCourt as policy adviser for investment and governance.

Including: JAPAN - Macquarie turns to Japan; AUSTRALIA - Regulator raps reports; UK - Watson Wyatt appointments; ISRAEL - Credit Suisse new CEO; UK - Hinde going for gold;

GLOBAL - Schroders has released its third quarter results and announced a loss of £2.9bn in institutional assets under management (AUM) despite reporting a pre-tax profit of 53%.