News

EUROPE - Global Pensions has gained exclusive details concerning the launch of a new insurance solution for the pension industry which aims to reduce risk and volatility.

The Actuarial Profession today issued a briefing note explaining how with-profits policies work.

Government plans to spend £11.5m to teach pension planning in schools has been welcomed by educational charity Life Academy.

US fund sends £286m to Britain; UK pension funds vie to lead court action over GSK drug; Northern Rock given emergency bail out by Bank; Private equity groups foresee slow down in deals as credit sources dry up; Insurer spreads its funds to cut bank crisis...

Group self-invested personal pensions can be "dangerous" if they are not provided with the right advice, Scottish Widows warns.

INCLUDING: UK - House of Commons tender; UK - Enhanced ETFs launched; UK - LCP appointments

US - eSecLending has awarded securities lending exclusives of approximately US$84bn in US equity and non-US fixed income securities for the California Public Employees' Retirement System (CalPERS).

Annuity rates continued to slowly rise last month, latest figures show.

UK - The City and County of Swansea pension fund has issued tenders worth over £382m to manage the investment of six specialist active portfolios.

Local authority pension schemes are seeking more diversification from fixed income, research by Fidelity International shows.