News

THE Pensions Advisory Service is looking to expand its role by working more closely with trustees and employers, the new chairman says.

PENSION funds should be given more clarity on whether investment in swaps will result in income being taxed, the Investment Management Association urges.

CANADA - British Columbia Investment Management Corporation (bcIMC) has decided to take control of Canadian Hotel Income Properties Real Estate Investment Trust (CHIP REIT) in a C$1.2bn (US$1.13bn) cash deal.

The UK money market has overtaken UK equity income as the most popular sector for institutional funds, latest

Firms selling pension products have set up web sites to "piggyback" on The Pensions Advisory Service's name and reputation, chief executive Malcolm McLean warns.

Fidelity online push

Union officials have warned disabled employment firm Remploy not to use government aid for workers to plug a shortfall in its pension scheme.

UK - The Pension Protection Fund (PPF) has launched its Long Term Risk Model, a system enabling it to calculate the many risks it could face in the years ahead.

F&C Asset Management is set to launch what it claims will be the first 130/30 fund to invest in UK equities.

German bank WestLB is planning to enter the UK pensions buyout market, PP can reveal.