News

UK - Punter Southall has released a 'wish list' for the Pensions Bill, which is due to be released tomorrow.

Marble Bar Asset Managers partners set to receive £194m after sale; Bankers face inquisition by MPs over Rock; Rock bidders line up amid Virgin jitters; Interest rates may be left on hold despite weak housing market

SENIOR EXECUTIVES in the pensions industry are missing opportunities to use new online resources, a study has found.

GLOBAL - A mismatch in pension funds' needs and what they are offered by asset managers could be costing providers business, according to a report by KMPG.

OVER 50pc of adults do not know how much money they need to save to allow them freedom in retirement, research from Abbey reveals.

EUROPE - Improvements in pension funding levels are giving European plan sponsors the opportunity to experiment with new strategies to reduce their portfolios' risk profiles and link assets with liabilities, according to Greenwich Associates.

THE TRANSFER of Equitable Life's book of with-profits annuities to Prudential UK has received final court approval.

ISRAEL - Credit Suisse has announced the opening of a dedicated office in Israel to provide a wide range of financial services for clients in the region, including asset management and investment banking.

US - The Teachers' Retirement System of Oklahoma and Oklahoma Police Pension & Retirement System are seeking lead plaintiff status in a case against American Home Mortgage Investment Corporation.

ITM has launched a benefit calculation audit service targeting schemes entering or already in the Pension Protection Fund assessment period.