News

The Investment Management Association has challenged Europe to create a "level playing field" for fund management firms wanting to enter the pensions market.

UK - Penny Green, the past president of the Pensions Management Institute (PMI) and chief executive of Superannuation Arrangements of the University of London (SAUL), has joined BESTrustees team of independent trustees.

Investors will be able to access different parts of the oil futures curve through the launch of six new exchange-traded commodities.

FIRMS selling pension products have set up web sites to "piggyback" on The Pensions Advisory Service's name and reputation, chief executive Malcolm McLean warns.

THE Pensions Act 2007 - which introduces the framework for personal accounts - has received Royal Assent.

SAINSBURY'S pension fund trustees are in a weak position to negotiate with the supermarket giant's prospective buyers, consultant Punter Southall warns.

BALANCED pooled funds saw median returns of 3.7pc over the three months to the end of June, BNY Mellon Asset Servicing's latest CAPS figures reveal.

CHEMICALS multi-national ICI has agreed to pump an extra £175m into its UK pension fund as a result of increased longevity.

More than 800 candidates have entered the Pensions Management Institute 2007 associateship examinations.

Employees are likely to get better investment choice under a contract-based defined contribution scheme than one run by trustees, Truestone Employee Benefits claims.