News

A WINDFALL tax on private equity should be introduced to cover the liabilities of insolvent pension schemes, the GMB claims.

UK - The Cheshire local authority pension fund has invited applications from firms to manage a £330m active bond mandate.

STATE Street Global Advisors has extended its 130/30 investment product range in a bid to boost schemes' portfolio efficiency.

EMPLOYERS want to go on providing a good pension for their workforce, a report published by the National Association of Pension Funds says.

US - The City of Jacksonville's pension funds have chosen Mellon Financial Corporation's Asset Servicing group to provide a range of services such as global custody, performance and analytics measurement.

PENSION funds will increasingly look to hedge funds in order to benefit from high returns and low volatility, a leading fund manager claims.

THE PENSIONS Regulator has dismissed industry fears it intends to regulate charges for defined contribution schemes, delegates heard.

PUTTING a contribution cap on personal accounts would discourage people from saving for retirement, a Which? report reveals.

THE GOVERNMENT Actuary's Department has withdrawn all "passports" for the Local Government Pension Scheme with retrospective effect - a move lawyers believe is outside its powers.

GORDON Brown must make pensions a priority when he takes over as prime minister, the National Association of Pension Funds says.