News

Operating profits at Thomsons Online Benefits soared by 56pc in 2006, the latest audited accounts revealed. Group turnover rose 54pc to £5.85m in the year to December 31, while operating profits reached £682,490.

Sales of enhanced annuity policies more than doubled in the year to the end of June, figures from financial adviser Just Retirement show.

US - The Alaska Permanent Fund Corporation (APFC) saw a 17% return on investments in the 2007 fiscal year.

INCLUDING - UK - HBOS keeps Watson Wyatt, JAPAN - Sales tax targeted for pension, GERMANY - Fin heads to Franklin Templeton

THE Pensions Regulator has published an analysis of recovery plan data in a bid to reveal the extent to which trustees and employers have embraced the scheme funding regime.

BALANCED pooled funds saw median returns of -0.3pc in August, BNY Mellon Asset Servicing's latest CAPS figures reveal.

US - Pension funds are amongst those involved in the President's Working Group (PWG) debate on developing best practice guidelines for hedge funds.

US - Washington State Investment Board (WSIB) has dropped State Street Corporation in favour of JPMorgan as custodian and securities services provider for US$82bn in 16 retirement and 21 other public funds.

GEC's pension trustees at odds with Truell over £400m takeover; Pension schemes still have much further to travel; Delta Two in pension talks; Pensioners strip to expose ‘Labour spin'

TELENT, the rump of the former GEC conglomerate that became Marconi, has agreed to a £400m takeover by a subsidiary of Guernsey-based Pension Corporation.