News

UK - Ken Livingstone, the mayor of London, has hit back at the city's transport workers, saying a strike over employment and pensions should not proceed as their concerns have been met.

CANADA/NEW ZEALAND - The Canadian Pension Plan (CPP) has signalled its intention to submit a proposal to acquire a minority stake in Auckland International Airport Limited (AIAL).

UK - Pooled fund of hedge funds made gains for the third consecutive quarter - but performed less well over the longer term when compared with UK equity pooled funds and property pooled portfolios, according to new statistics.

UK - A typical member in a defined contribution (DC) pension scheme could be missing out on as much as £3,600 a year, suggests new analysis.

THE Association of Consulting Actuaries is continuing to push for changes to current legislation which would enable risk-sharing schemes to flourish.

LATIN AMERICA - Hewitt Associates has appointed Thierry de Beyssac as the new head of its Latin American consulting business.

DEFINED contribution scheme members could be losing up to £3600 a year by investing in default fund options, latest research by Fidelity International claims.

POOLED fund of hedge funds have achieved positive results for the third consecutive quarter, latest statistics from BNY Mellon Asset Servicing reveal.

TRUSTEES should prepare themselves in advance for the possibility of their sponsor company being taken over or merged with another firm, Hymans Robertson urges.

INCLUDING: AUSTRALIA - ING appointment; BELGIUM - New Fortis CEO; SWEDEN - Schroders move and appointment; UK - UKSIF celebrates 15 years; UK - BNY Mellon announces deal in China; UK - NAPF endorses AREF code