News

HEWITT ASSOCIATES has hired David Crum to strengthen its public sector investment consulting team.

US - Goldman Sachs Group has launched the first tradable index for longevity and mortality risks, called QxX.LS.

UK - Weir Group, a FTSE250 listed pumps manufacturer, has sold part of its pension plan to insurance provider Legal & General (L&G).

Weir to sell part of pension to L&G; Olivant ready to pay maximum for Northern Rock; Ministers plan to take key powers from Bank during financial crisis

US - Financial risk due to pensions liabilities has eased in the past year, thanks to a combination of higher funding levels, pension surpluses and improved corporate performance.

CANADA - The government has enacted the Special Economic Measures Act on Burma, which has banned all Canadian people and financial institutions from investing in the region, also known as Myanmar.

NEW ZEALAND - The board of Auckland International Airport (AIA) has urged shareholders to reject a partial takeover offer from the Canadian Pension Plan Investment Board (CPIBB).

UK - Pension Corporation has learned from the mistakes it made in the takeover UK telecoms firm telent and will bring trustees on side in future deals, a senior executive has told Global Pensions.

SMALL bespoke self-invested personal pension providers are at the greatest risk of going out of business as a result of market consolidation, JLT Benefit Solutions says.

UK - A rescue package has finally been announced for up to 140,000 people who lost savings when their employer-sponsored pension schemes collapsed.