News

First technical talk

Merchant Investors has revamped its transfer pension portfolio package to give members of occupational schemes in wind-up more flexibility.

Proposed changes to the Financial Assistance Scheme are too little too late and represent nothing more than "reluctant concessions for political expediency", the Occupational Pensioners Alliance says.

GLOBAL - Hedge funds have bounced back after a see-sawing summer, according to the EDHEC Risk team.

US - Former New York State comptroller Carl McCall is heading a campaign to urge employers to make it easier for workers to enroll in 401(k) plans.

AUSTRALIA - Corporate and public sector funds were still a thriving part of the superannuation market despite many mergers and transferrals to retail outfits, according to Watson Wyatt.

Minister needs a lesson in responsibility

Increasing longevity may not be the biggest problem facing pension schemes, National Association of Pension Funds chairman Chris Hitchen says.

HSBC Actuaries and Consultants has appointed Richard Reid as chief executive officer to take over from Alan Fishman who will retire at the end of the year.

FRANCE - Commuters in Paris and other major French cities were faced with massive disruptions to their journeys today, as the long threatened transport strike over pension reforms finally went ahead.