News

UK - A typical member in a defined contribution (DC) pension scheme could be missing out on as much as £3,600 a year, suggests new analysis.

THE Association of Consulting Actuaries is continuing to push for changes to current legislation which would enable risk-sharing schemes to flourish.

LATIN AMERICA - Hewitt Associates has appointed Thierry de Beyssac as the new head of its Latin American consulting business.

DEFINED contribution scheme members could be losing up to £3600 a year by investing in default fund options, latest research by Fidelity International claims.

POOLED fund of hedge funds have achieved positive results for the third consecutive quarter, latest statistics from BNY Mellon Asset Servicing reveal.

TRUSTEES should prepare themselves in advance for the possibility of their sponsor company being taken over or merged with another firm, Hymans Robertson urges.

INCLUDING: AUSTRALIA - ING appointment; BELGIUM - New Fortis CEO; SWEDEN - Schroders move and appointment; UK - UKSIF celebrates 15 years; UK - BNY Mellon announces deal in China; UK - NAPF endorses AREF code

PENSIONERS are missing out on £1.25bn of pension benefits a year by not seeking professional advice on how health considerations can boost annuity rates.

TfL makes 11th-hour effort to stop Tube strike going ahead; Rank Group considers sale of its £700m pension fund; F&C to launch diversified passive fund; Equity volatility likely to stay high

NORWAY / SWEDEN - Institutional investment has made up the bulk of a deal between Norwegian financial firm Storebrand in its acquisition of SPP, a Swedish life insurance and pensions provider, creating a "Nordic platform" for pensions.