News

Retirement income for defined contribution scheme members could be up to 70pc higher if funds were run more efficiently, Hewitt Associates claims.

Draft regulations extending tax-free cash protection to members who are assigned benefits when schemes wind-up have been backed by the industry.

Premier Pensions Management has recruited John Reeve to head its new regional office in Bristol.

Employees should be given the same power as pension trustees to block unfair private equity deals, trade union Unite claims.

The Financial Reporting Review Panel has initiated a review of the directors' reports of public and large private companies.

Trustees need more effective governance tools to protect them from claims of maladministration, a software provider says.

HSBC has reorganised its multi-manager business into a dedicated global arm, with the aim of becoming a top-three manager within five years.

Kingfisher's UK occupational pension scheme has awarded mandates worth a total of £80m to Goldman Sachs Asset Management and Wegelin.

Assets at the world's 300 largest pension funds grew by 12pc to reach £5.17trn in 2006, latest research shows.

Watson Wyatt has developed a check list for companies considering making changes to their scheme.