News

ACTUARIAL and pensions specialist Wolanski Checkley Fisher has moved to new offices in the City.

Tories to pursue pensions lifeboat; Call for ‘safe harbour' fund rules; SEI to offer ‘middle way' to run DC funds; First State launch

INDIVIDUAL members of the proposed personal accounts pension scheme should be given the choice to adopt their own shareholder voting policy, according to Pensions & Investment Research Consultants.

UK - FSA approval and a US$500m mandate have been awarded to SilverStreet Capital, the fund of hedge fund management group founded by two former ABN AMRO alternatives managers.

ESSEX County Council has appointed Record Currency Management and Mellon Global Investments as active currency managers for its pension fund.

SEI has launched a "master trust" defined contribution pension scheme for UK employers.

UK - SEI has announced the launch of the SEI DC Master Trust, a new trust-based defined contribution (DC) provision for employers and members, via a partnership with Capita Hartshead.

US - After an appeal hearing, Ohio-based AK Steel has been told to pay US$46.2m to former employees who claimed the company miscalculated pensions under an early retirement programme.

UK - The recentlly formed Pensions Insurance Corporation (PIC) has appointed JPMorgan Worldwide Securities Services to provide custody, fund accounting and associated services.

EUROPE - The dream of cross border pension provision will become a reality, according to Philip Neyt, chairman of the Belgian Pensions Institutions Association.