News

PRUDENTIAL has increased its stake in its joint fund venture with CITC Group in China to almost 50pc.

INCLUDING: GLOBAL - S&P backs funds of hedge funds; UK - Threadneedle appointment; PHILLIPINES - Pension increase

US - Institutional investors filed a record 43 shareholder resolutions regarding climate-related issues during the 2007 proxy season.

CANADA - The Caisse de dépôt et placement du Québec has been among a number of investors including Deutsche Bank and ABN AMRO that have signed an agreement to convert asset-backed commercial paper (ABCP) into longer term floating rate notes.

ZURICH reported strong growth in the first half of 2007 as total net income increased 33pc to $2.7bn (£1.4bn).

SCHEMES are being forced to choose between delaying wind-ups or facing heavy tax charges, actuaries claim.

SCHEME managers are urging ministers to delay implementing the new-look Local Government Pension Scheme in order to remedy "flaws, omissions and confusion" with regulations.

Citi joins race for pension transfer; L&G in alliance on bulk annuities; Pension funds lose £27bn in market turmoil; Stock market rout as blue chips lose £60m

UK/IRELAND - As the credit crunch rumbles on, actuaries and industry professionals have sent out a clear message to pension funds - do not panic, yet.

AN increasing number of women are shunning pensions and looking at property to provide for their retirement, thepropertyinvestmentmarket.com claims.