News

LUCIDA has appointed State Street to provide with a range of investment services for its bulk-annuity business set to be launched later this year.

GLOBAL - A majority of pension funds have claimed to be unfazed by the ongoing crisis in the US sub-prime mortgage market, according to the results of the latest Global Pensions 100 Panel.

UK - Pension Corporation has been established as the holding company for its three subsidiary vehicles, Pension Insurance Corporation (PIC), Pension Corporation Investments (PCI) and Pension Security Insurance Corporation Ltd (PSIC).

Banks' shares dive on fear of contagion; High street hysteria means sterling takes a pounding; Call for swift disclosure of MPC votes; RBS-led bid for ABN gets Dutch approval

UK - Industry commentators have backed Rick Di Mascio, the chief executive of Inalytics Limited and chair of the T-Charter, for blasting transition managers about dragging their feet over agreeing a final version of the charter.

AUSTRALIA - The Queensland Investment Corporation (QIC) has appointed Bill Prendergast to the new position of Global Fixed Interest (GFI) beta manager, bringing the company's investment team to 21.

STANDARD Life Investments has recorded a 40pc increase in institutional sales in the first six months of the year.

UK - Pension analysts remain split over proposed revisions to the Pensions Regulator's clearance guidance.

LIL-LETS workers campaigning for enhanced pension rights after the closure of the firm's Birmingham factory held a demonstration last weekend.

THE ENHANCED Analytics Initiative has appointed Peter Scales as its chairman.