News

Peter Murray has been elected as the chairman of the Occupational Pensions Defence Union's advisory council.

HM Revenue and Customs has told pension funds to file their 2006/07 scheme returns and event reports by January 31 2008 or risk a penalty.

EUROPE - The European Portability Directive which lost its commitment to cross-border transfer rights in October has hit another obstacle, with member states unable to agree on a common vesting period.

PEARL GROUP intends to use Resolution Asset Management as a platform to "create a major asset management business".

US - Northwest Airlines, (NWA) supported by the Air Line Pilots Association, (ALPA) has filed a lawsuit to confirm that a restructured pension plan for its pilots is legal.

PM hopes to give FAS payments 10pc boost; Rank scraps dividend and slashed budget as bingo group's numbers suffer; Markets confused by banks' aid

UK - The London Borough of Enfield pension fund has pulled £25m (US$51m) from its allocation to UK property in favour of European markets.

ABERDEEN Asset Management has announced that Gary Bartlett will take over as head of fixed income on January 1.

UK - The Conservative Party has said it will not guarantee its support for the Pensions Bill unless changes to means testing are made.

THE SOCIAL Housing Pension Scheme has appointed Colin Small as chairman.