News

DISCUSSIONS between BAA and unions aimed at avoiding industrial action in the New Year have ended without agreement.

THE FINANCIAL Reporting Council has launched a consultation on two possible changes to the combined code on corporate governance.

UK - Air travellers face New Year chaos as BAA staff voted in favour of strike action over the closure of its final salary pension scheme to new entrants.

UK - Aberdeen Asset Management (Aberdeen) has announced it has entered in to an agreement with Germany's Dresdner Bank to acquire DEGI, a Germany-based property investment management company in a deal worth €110m.

Rolls-Royce bumps up pension scheme; Equitable eyes £7bn fund sale; Friends Provident imposes restrictions; Call to avert airport strikes

THOUSANDS of women could face a poorer retirement following a government U-turn on pensions reform, Age Concern says.

NETHERLANDS - The ABP fund has said it is to increase benefits for claimants and active participants by 4% from the New Year.

BALANCED pooled funds achieved a median return of -3.4pc in November 2007, latest CAPS figures from BNY Mellon Asset Servicing reveals.

GLOBAL - There will be no Global Pensions newswire between 24 December 2007 and 1 January 2008. The Global Pensions team will resume normal service on 2 January 2008.

UK - The Pension Protection Fund (PPF) has tendered for a consultant to work on the risk based levy to be applied to schemes from 2010 onwards.