News
US
US -The National City bank faces class action investigation and possible legal action following allegations of fiduciary mismanagement over the handling of its 401(k) retirement scheme.
11 January 2008
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Netherlands
NETHERLANDS - ABP has denied the departure of its head of real estate, Barden Gale was related to its latest deal with ING.
11 January 2008
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US
US - The Operating Engineers Local 324 Pension Fund has sued Fifth Third Bank to recover plan losses estimated at more than $20m arising from the mismanagement of the sale of some of the fund's property.
11 January 2008
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Defined Benefit
French technology services group Atos Origin is to replace its main defined benefit pension schemes in the UK with defined contribution arrangements.
10 January 2008
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Uncategorised
Wealth decumulation and product design will dominate the pensions technology landscape this year, Exaxe predicts.
10 January 2008
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Defined Benefit
Around a third of small companies may abandon final salary schemes in favour of personal accounts, the Association of Consulting Actuaries warns.
10 January 2008
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Uncategorised
The Korea Teachers' Pension Fund has awarded Won500bn (£270bn) in overseas equity mandates to Goldman Sachs and ING.
10 January 2008
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Global
GLOBAL - Mercer has added six people to its global responsible investment (RI) team.
10 January 2008
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United Kingdom
UK - Legal and General reported strong performance figures for 2007 but admitted it is struggling on Continental Europe.
10 January 2008
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