News

EMPLOYERS could be fined up to £50,000 by The Pensions Regulator if they fail to make payments into personal accounts or do not automatically enrol employees into eligible schemes.

In the last four years, global economic growth has averaged around 5% - a level unprecedented in the last 30 years. Sebastian MacKay asks if this growth can continue

HISCOX has agreed to sell its third party fund management arm, Hiscox Investment Management, to its principals - creating an independent investment management company.

A round up of the presentations at the Currency Management Forum in Sydney, Australia

The national minimum wage should rise by nearly 9pc to £6 an hour next year, the Trades Union Congress says.

IRELAND - Gains made by Irish pension funds at the start of the year have been lost, as they continue to be impacted by the sub-prime crisis.

Falling persistency levels highlight that traditional methods of pricing pension plans are unsustainable, Scottish Life has claimed.

THE Pensions Bill 2007 - which will reduce legislation for employers providing pensions and introduce automatic enrolment - has been introduced today.

CANADA - The chief actuary has told a senate standing committee that the Canada Pension Plan (CPP) is in good health.

Schemes must become more focussed on shareholder engagement and focus strategies more carefully, the London Pensions Fund Authority told delegates.