News

UK - Research from Lincoln Retirement Income has revealed that UK property owners place more faith in their homes as a source of retirement income, than their pension plans.

The government is set to clamp down on firms abusing tax relief rules for large employer pension contributions by routing them through a new company.

UK - Hermes is set to acquire a 4% stake in Southern Water as part of a consortium including seven Australian superannuation funds which beat off competition from groups led by Goldman Sachs and Morgan Stanley.

THE CITIZENS Advice Bureau is set to close its final salary scheme after its deficit doubled in three years.

UK - State Street Global Markets has confirmed that Lachlan French, a key figure in its transition management team, has left to "pursue other opportunities". He was senior managing director of State Street Global Markets in London.

US - Global Pensions has revealed plans to spearhead an initiative and launch an online forum enabling pension funds and the currency industry to work towards achieving standardisation of active currency returns reporting.

Independent financial advisers must ensure savers need the extra flexibility self-invested personal pensions give them, the Financial Services Authority warns.

THE GOVERNMENT has appointed Tim Jones as chief executive of the Personal Accounts Delivery Authority.

BUSINESSES are suffering from the rising costs of providing defined benefit pension schemes, a survey has revealed.

Final salary schemes ‘hit future jobs'; New post strike begins as last one ends; Qatari fund on brink of formal £10.6bn offer for Sainsbury's; 'Hedge fund collapse is on the way'