News

FRANCE - Fortis Investments has launched a fundamental 130/30 Euro strategy designed to enhance return from Eurozone equities, with similar risks of the standard market benchmark.

SPECIALIST bulk annuity provider Paternoster has taken more than £400m of pension scheme liabilities onto its books since its launch last year, the company has announced.

THE GOVERNMENT must use its deregulatory review of pension scheme legislation to provide "a third way" for employers or face widespread levelling down of provision under the personal accounts system, the Association of Consulting Actuaries says.

THE FINANCIAL Reporting Council has launched a review to assess the progress made in implementing the combined code on corporate governance.

CANADA - Pension funds have returned over 14%, bolstered by healthy equity returns according to a report by RBC Dexia Investor Services.

GOVERNMENT proposals for an independent Myners compliance undermine the trustee model of governance, the Pensions Management Institute warns.

TWO sets of guidelines designed to help companies develop strong corporate governance policies in line with investor expectation have been published by the National Association of Pension Funds.

HOLLAND - Dutch pension fund PME has allocated 5 % of its asset mix to ‘special projects' such as North American timber, Chinese equity and private equity.

THE IMPACT of inflation on pensioner households hit record levels, new figures show.

UK - The new owner of UK emergency services radio firm Airwave O2 has decided to axe the company's final salary pension scheme.