News

Brown faces backlash over CBI claims

US - Corporate pensions plans had a bumper year in 2006 as assets and investment returns went up and the value of liabilities decreased, claimed a report issued by Wilshire Consulting.

THE ROYAL Bank of Scotland and the Bank of New York have sold their offshore securities services joint venture to BNP Paribas.

JAPAN - Noboru Terada joins MSCI Barra as a senior advisor from the Japanese Government Pension Investment Fund.

F&C ASSET Management is to offset its emissions in a bid to become carbon neutral.

AUSTRALIA - Further regulations have been put in place as part of the government's ongoing programme of ‘Simplified Superannuation' reforms.

UK - The Scottish Public Pensions Agency (SPPA) has awarded pensions software provider heywood an eight-year £7.5m contract.

BP and the City of London Corporation have launched a multi-million pound project to research investment opportunities into environmentally-friendly technologies.

THE RESOLUTION Foundation has backed select committee concern over the cost of providing financial advice to support personal accounts.

STANDARD Life Investments has launched an investment-only funds platform for UK defined contributions schemes.