News

Investors' groups must spend more time ensuring smaller firms are complying with the combined code on corporate governance or risk legislation, the Financial Reporting Council urges.

Scottish Life is expanding its pension product portfolio to include an integrated income release plan which allows members to access tax-free cash while still making contributions.

The Pensions Advisory Service has welcomed its newly extended role in guiding people through retirement income options as announced in the pre-budget report.

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