News

US - The strength of the New York State Common Retirement Fund (CRF) has enabled the employer contribution rates for the Employees' Retirement System (ERS) and the Police and Fire Retirement System (PFRS) to be lowered.

SWEDEN - AMF Pension produced a 6.6% return in the first six months of 2007, a major improvement on the 0.4% return realised during the same period in 2006.

MORE than a quarter of adults in the UK have made no provision for retirement, figures from the Alliance Trust annual retirement confidence index show.

INCLUDING: AUSTRALIA - ING CEO appointment; UK - Capita Hartshead acquisition; EUROPE: -Nordic and Baltic expansion; GLOBAL- London & Capital's growth plans; UK - Watson Wyatt recruitment;

GLOBAL - HSBC has established a global multi-manager business for the institutional and retail markets by combining its worldwide capabilities.

CAPITA HARTSHEAD has bought Higham Dunnett Shaw in a £15m cash deal to add capacity to its pensions management and administration business.

Transport for London has refuted claims by the National Union of Rail, Maritime and Transport Workers (RMT) that by agreeing to a "full pensions rescue" this led to the suspension of a planned three-day strike in the capital.

RMF Investment Management has launched what it claims is the first ever environmental fund of hedge funds.

Tube strike called off after ‘clarification' over jobs; Lapses dull Standard Life gains; Hammerson rings alarm bells over City property; Banks set to raise reserves in bid for crisis funds

IRELAND - Irish pension funds have continued to suffer from the credit crisis with poor progress made over the first eight months of 2007, according to new data.