News

ERNST & YOUNG has appointed two partners to lead its new actuarial pensions practice, Professional Pensions can reveal.

UK / IRELAND - BNY Mellon Asset Servicing has been awarded a global custody mandate valued at US$4.2bn of assets by Ireland's largest building society.

THE current rate of tax levied on residual funds from alternatively secured pensions is "perverse" and should be changed, Barnett Waddingham claims.

PRIVATE equity owners have starved diversified motoring group AA of investment, a report published by trade union GMB claims.

THE INTERNATIONAL Accounting Standards Board has been urged to reconsider "perverse" changes to pension accounting rules.

A tax loophole that enables small self-administered schemes to pass on pension funds and avoid Inheritance Tax is set to be closed.

Aberdeen Property Investors is planning to re-enter the UK property market through winning segregated mandates and developing its own suite of products.

Employee benefit and pensions consultant Xafinity Consulting has launched a transaction services practice to assess scheme risk.

A "LETHAL cocktail" of tax changes, increased regulation, low bond yields and interference with investment policy has almost destroyed defined benefit provision, the Conservatives claim.

CANADA - The Canada Pension Plan (CPP) has committed €400m (US$539.4m) to the ProLogis European Properties Fund II in an effort to build up its real estate allocation.