News

A third of workers expect to retire early, but nearly a quarter of people have no pension savings at all, a new study shows.

FRANCE - Société Générale Group has revealed evidence of an "exceptional" fraud in its Paris operations, amounting to €4.9bn (US$7.2bn) and admitted a further €2bn loss related to sub-prime positions.

Cru Investment Management has launched a fund investing in sub-Saharan Africa.

Outsourced investment platform provider Parmenion Capital Partners is linking up with Premier Pension Services to launch a consolidation small self-administered scheme.

Submissions for this year's UK Pensions Awards will be going out to the judging panels during the next few days.

NETHERLANDS - PGGM, renamed Pensioenfonds Zorg en Welzijn, suffered losses through equities and alpha strategies but still finished 2007 some €7.2bn (US$11bn) up on the previous year.

Czech mothers with only one child will lose early retirement benefit rights if proposed pension system reforms are approved.

GLOBAL - By 2009 nearly 70% of all pension plans may be using customised benchmarks, to create more sophisticated investments, according to Tabb Group.

The Pensions Bill fails to safeguard good occupational sche­mes and could be boycotted by its target market, the Association of British Insurers warns.

The Hedge Fund Working Group has published a best practice standards for hedge fund managers.