News

Wealth management firm St. James's Place has extended its fund proposition with the appointment of two new fund managers and three new investment funds.

PERMAL has hired a director of UK operations in a bid to boost its presence in the pension scheme market place.

MORE than a quarter of workers aged over 55 believe they will have to work past the state pension age, research from Scottish Widows shows.

INCLUDING: US - Extra responsibility for PBGC; UK - State Street mandate win, US - Cadogan appointment

OPENING UP the protected rights markets to self-invested personal pension providers will give the market a significant boost, Premier Pension Services says.

LUCIDA has appointed State Street to provide with a range of investment services for its bulk-annuity business set to be launched later this year.

GLOBAL - A majority of pension funds have claimed to be unfazed by the ongoing crisis in the US sub-prime mortgage market, according to the results of the latest Global Pensions 100 Panel.

UK - Pension Corporation has been established as the holding company for its three subsidiary vehicles, Pension Insurance Corporation (PIC), Pension Corporation Investments (PCI) and Pension Security Insurance Corporation Ltd (PSIC).

Banks' shares dive on fear of contagion; High street hysteria means sterling takes a pounding; Call for swift disclosure of MPC votes; RBS-led bid for ABN gets Dutch approval

UK - Industry commentators have backed Rick Di Mascio, the chief executive of Inalytics Limited and chair of the T-Charter, for blasting transition managers about dragging their feet over agreeing a final version of the charter.