News

UK - Trustees at J Sainbury plc's pension scheme have written to Delta Two Limited, the Qatari-backed investment group which has approached the retail group, seeking more information about its proposals.

MORE than 1200 trustees flagged up suspicious behaviour by sponsoring employers to The Pensions Regulator in the past year, its annual report reveals.

Ministers keep doing everything in their power to frustrate people who have lost pensions when their firms collapsed.

Turnover at Hymans Robert-son jumped 10pc to £33.5m in the financial year to the end of March, new figures show.

Government departments have taken the lead and broken new ground in encouraging flexible working, communication system provider Global Crossing claims.

BESTRUSTEES has hired Richard Stroud, the former chief executive of The Pensions Trust, as an independent trustee.

US - Fewer companies closed their defined benefit (DB) plans than in 2006 and many have been committed to keeping schemes open, according to two Watson Wyatt surveys.

Including: ITALY/FINLAND - EC launches action over dividends; UK - Pensions Regulator publishes 2006-07 report; CANADA - Université du Québec appoints RBC Dexia; BRAZIL/CANADA - OTPP buys into mining company

US - The California State Teachers' Retirement System (CalSTRS) and the California Public Employees' Retirement System (CalPERS) have posted bumper investment returns for the 2006-07 fiscal year.

ASSOCIATION of British Insurers director of investment affairs Peter Montagon has been elected chairman of the board of the International Corporate Governance Network.