News

HSBC has paid its employees staff bonuses worth more than £27m. But senior executives missed out because the bank failed to meet performance targets.

SEI has selected Capita Hartshead to provide pensions administration services to its DC master trust solution.

UK - The government has announced a funding review of the Financial Assistance Scheme (FAS), to see if assets from insolvent companies can help deal with lost pensions.

US - A number of investment staff at Los Angeles County Employment Retirement Association (LACERA) board have received pay rises of more than 40% in efforts to prevent them deserting the fund in favour of the private sector.

THE PENSIONS Management Institute has launched a vocationally related qualification for administrators of self invested personal pension schemes and small self administered schemes.

GLOBAL - MSCI Barra and Standard & Poor's (S&P) have launched Islamic indices designed to reflect Shariah principles and dividend purification rules.

UK - Private sector defined contribution (DC) pension schemes must take more responsibility for investment strategy, warned the Pensions Institute at Cass Business School.

UK - The increasing longevity of pension fund members adds around £15bn a year to UK private sector companies' liabilities, claimed a new KPMG survey.

Pensions liabilities rise by £30bn; Young to head pension review; Cheap pensions inadequate, bosses admit; Tighter scrutiny of banks' fund exposure urged

MSCI Barra has launched a global family of Islamic indices, designed to reflect Sharia investment principles.