IRELAND - Lucida is to reinsure an initial €110m (US$160.1m) of Bank of Ireland Life's existing corporate pension annuity business, in the first deal of its kind.
COMPANIES must seize opportunities offered by personal accounts, delegates to a Towers Perrin seminar heard.
UK - Best practice standards for hedge fund managers are likely to receive endorsement from pension consultants, according to Man Group deputy chairman Stanley Fink.
US - MSCI Barra, Standard & Poor's (S&P) and Dow Jones Indexes, in association with Wilshire, have all announced the launch of new indices for institutional investors.
SETTING up personal accounts has already cost the taxpayer £6.6m in consultancy fees, government figures reveal.
Fears spark global plunge; BP to take pensions holiday; Widows limits pensions exodus; Swiss Re eyes Friends
UK - Gains made by FTSE 100 pension funds over 2007 were wiped out yesterday in the greatest equities crash since 9/11 2001, according to some UK consultants.
SOUTH AMERICA - The Bank of New York Mellon Corporation has completed the acquisition ARX Capital Management, an independent asset management business headquartered in Rio de Janeiro, Brazil.
UK - Pension funds may finally be reaping the benefits of currency alpha products, according to BNY Mellon Asset Servicing.
THE Hedge Fund Working Group has published its best practice standards for hedge fund managers