News

INCLUDING: GLOBAL - Northern Trust CIO appointment; UK - SEI wins three DB mandates; UK - Watson Wyatt shows the way to change; ASIA -New Asian fund of funds; UK - Drive for Hewitt; UK - Deregulation debate; UK- Barnett Waddingham hire

Directors' pension pot tops £1bn, say unions; Bank attacked despite £4bn injection; OECD cuts growth forecasts after market turmoil

GLOBAL - Global Pensions has found transition managers are experiencing unprecedented volumes of business, due to pension funds switching asset classes and asset managers underperforming.

Mercer Human Resource Consulting has launched a pan-European defined contribution pension scheme which will allow multi-national firms to put all their employees in one plan.

DIRECTORS of the UK's top companies have amassed huge pension pots while cutting benefits for their staff, the Trades Union Congress claims.

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.