News

Capita is to take on the administration of Prudential's mature life & pensions back-book in a deal worth £722m.

INCLUDING: US - PBGC names chief financial officer; UK - Mercer reveals new approach to pensions and savings; UK - Resolution reports record sales

UK - Pension funds have been encouraged to engage with companies over merger and acquisition activity by the Local Authority Pension Fund Forum (LAPFF).

GLOBAL - A study on the prevalence of the integration of environmental, social and corporate governance (ESG) factors in emerging market investments has been commissioned by the International Finance Corporation (IFC), the private sector branch of the...

AUSTRALIA - Prime minister Kevin Rudd has selected his ministry and will be presenting to the Governor-General for swearing in on Monday 3 December 2007.

Life expectancy gap widens; Prudential puts back decision on £9bn surplus; Rival Northern Rock offer expected to please shareholders

US - The California Public Employees Retirement System (CalPERS) has mooted a radical restructuring of its public equities allocations, with a greater emphasis on international equities.

UK - More pension schemes could be made to pay the Pension Protection Fund (PPF) levy, after the funding level at which schemes pay no risk-based levy was raised from 125% to 140%.

Schemes must now be 140pc funded to avoid paying the Pension Protection Fund risk-based levy, a new policy paper has confirmed.

GLOBAL - The International Organisation of Pension Supervisors (IOPS) has elected Ross Jones, deputy chairman of the Australian Prudential Regulation Authority, as president.