News

GLOBAL - Asset managers are making concerted efforts to reassure pension funds and other clients over their exposure to US sub-prime asset-backed securities.

UK - Company directors receive more favourable pensions than their employees, according to data released from the Trades Union Congress (TUC).

The Life Academy has teamed up with the Chartered Insurance Institute to promote its masters degree in mid-life, pre-retirement and life planning programme.

Here they are - the full shortlists for this year's Pension Scheme of the Year Awards.

THE BOARD of the Pension Protection Fund has appointed Ann Berresford and Sir Anthony Holland as non-executive members.

UK - David Crum, the chief pensions officer for investments at Strathclyde Pension Fund, has left the organisation to join Hewitt Associates. He will join the investment team at Hewitt on 1 October.

CANADA - Claude Lamoureux will retire as president and CEO of the Ontario Teachers' Pension Plan (OTPP) at the end of the year. He will be replaced by Jim Leech.

EUROPE - Charlie McCreevy, EU commissioner for internal markets and services, has questioned the role played by credit rating agencies during the US sub-prime mortgage crisis.

ABERDEEN Property Investors has launched its second Asian fund of funds in a bid to offer investors real estate exposure to selected funds across the Asia Pacific region.

THREADNEEDLE has changed its corporate identity and introduced a new look as part of a major re-branding project.