News

Mercer Human Resource Consulting and Capital Cranfield Trustees have completed the first internet-based online auction for pension scheme buyouts.

CANADA - Rising stock markets and a modest increase in bond yields helped restore the country's pension funding to the highest level in almost five years, according to Watson Wyatt Worldwide.

The quest to find this year's Pensions Personality of the Year has entered the final phase.

Too many scheme sponsors and trustees still get pension advice from the same source, a survey by Pricewaterhouse-Coopers says.

UK - HSBC has launched Corporate Pensions Management (CPM), an administration service for its defined contribution (DC) scheme customers.

The Pensions Ombudsman has referred Alexander Forbes Trustee Services to The Pensions Regulator after finding it guilty of maladministration.

UK - A new report on UK information ratios has warned pension fund trustees that past performance bears little correlation on future results.

GLOBAL- THE Alternative Investment Management Association (AIMA), has produced a new set of due diligence questionnaires (DDQs) for pension fund trustees and those investing or servicing the hedge fund industry.

US - The Jacksonville Police and Fire Pension Fund has purchased a former AOL office building for US$16.5m, using in-house staff to negotiate with the media giant.

HSBC has formed a new business dedicated to institutional defined contribution scheme administration.