AUSTRALIA - The Association of Superannuation Funds of Australia (ASFA) has proposed measures to boost private savings through increased contributions to super in its pre-budget submission.
Aon Consulting has launched a specialist trustee service to provide dedicated support for covenant assessments of scheme sponsors.
Schroders' institutional business has added to its multi asset strategies stable with the launch of its diversified completion fund.
Pension tax relief is set to be cut by up to 3.2 percentage points following changes in the basic rate of income tax, Hargreaves Lansdown says.
US - Pension funds seeking compensation from major investment banks for their part in the Enron scandal have seen an appeal turned down in the Supreme Court.
US - Pension fund group CtW Investment Group has demanded an explanation from Wachovia Corporation's board of directors' risk committee on what action it took to protect shareholders from excessive exposure to mortgage-related risk over the past two years....
BT shares fell 5p to £252.5p yesterday after fears were raised that its £38bn pension fund would need a further cash injection following equity market falls.
US - Investor confidence has risen by three points to 68.8, a rise that has been put down to improvement in risk appetite for selected sectors by North American investors.
STANDARD & POOR'S has launched three Shariah compliant equities benchmark indices.
Fed slashes rates to halt sell-off; BT retreat continues on pension fund fears; Big hedge funds agree voluntary code of practice; Commercial property fund investors face continued slide