News

US - Pension funds are actively monitoring CalPERS's plan to pay fund managers on a performance-only basis in a move that could potentially shake up the industry.

GERMANY - The Allianz Group has released its third quarter results, showing an increase in quarterly net income by over 20% to €1.92bn (US$2.8bn), with large gains as a result of positive trading in the asset management division.

Financial services specialist WAY Group is urging people to ensure the lion's share of any residual alternatively secured pension does not go to the Treasury.

US - Florida governor Charlie Crist has cancelled his meeting with Petrobras because of its business dealings with Iran.

Ministers must clarify what role the personal accounts delivery authority will have in setting up exemption tests from the government scheme, Standard Life says.

Legislation will be drawn up to allow Pension Protection Fund compensation to be shared on divorce, the government says.

Trustees of collapsed pension schemes could be sued by the Pension Protection Fund for failing to protect its interests, a lawyer claims.

Political consensus on personal accounts could be shattered unless the government addresses serious "structural flaws" in the scheme, the Conservative Party warns..

BAA staff are to be balloted over strike action over plans to close the firm's final salary scheme to new members.

Crédit Agricole Asset Management has launched two global equity funds.