News

Pension victims accuse Government of hypocrisy; Bosses under fire as bank plans £60m payout to shareholders; US central bank slashes interest rates; Shock resignation at hedge fund

Proposed changes to section 75 buyout debts are hampered by "technical shortcomings" but are a step in the right direction, Lane Clark & Peacock says.

GLOBAL - North American institutional investors were responsible for the tumble in global investor confidence in September, according to State Street Global Markets.

INCLUDING - UK - LAPFF member boost; US - Pioneer Investments appoints new staff; UK - New appointment at UBS; UK - Punter Southall help trustees apply to PPF

INCLUDING: US - Risk filings proposed; US - Benefit of CalPERS to economy

Nine-out-of-10 employers now offer at least one form of flexible working practice, according to the Confederation of British Industry.

Old Mutual Asset Managers is using its global equity proposition to boost its presence in the institutional sector.

UK - British pensioners who have lost out in pension scandals should receive the same treatment as the compensation promised to Northern Rock savers, according to Ros Altmann, an independent pensions policy adviser.

US - The US assistant secretary for financial markets has urged pension plans to go back to basics.

Work and pensions secretary Peter Hain has repeated his pledged to increase payouts to scheme wind-up victims in the interests of "social justice".