News

Brown faces vote on pensions crisis; MPs want change to Pensions Bill; Hargreaves Lansdown founders to net £260m each from flotation

US - Global securities lending manager eSecLending has announced the departure of its chairman, Susan C. Peters, from the company.

WHITE PAPER plans could backfire as a result of Budget changes, the Society of Pensions Consultants warns.

CHILE - Amendments and opposition could slow the passing of the pension reform bill which the government wanted approved before the state of the nation address on May 21.

UK - The pension buyout market has been named a slowburner with innovations destined to soon rock the boat, according to a new Aon Consulting report.

AN AMENDMENT to the Pensions Bill to launch a "lifeboat fund" to help 125,000 scheme wind-up victims has been voted down in parliament.

US - The US$370bn Teachers Insurance & Annuity Association-College Retirement Equities fund (TIAA-CREF), is believed to have stopped building its exposure to emerging market debt because an influx of investors has soaked up available opportunities.

UK - A new survey of over 650 European pension funds has revealed that property was by far the most popular alternative to equities and bonds, though the proportion of funds which invested in the asset class fell this year from 25% to 20 % in the UK....

DUBAI - Schroders has announced plans to open an office in Dubai with view to doubling assets under management from Middle Eastern clients in the next three to four years.

Trustees should seek legal advice before agreeing to insure a section of their scheme's membership with a buyout provider, an insurer warns.