News

GREECE - Flights were grounded and hospitals run on skeleton staff yesterday as Greek workers took strike action in the latest twist in the bond overpricing scandal.

CANADA/CHILE - Ontario Teachers' Pension Plan (OTPP) looks set to control 20% of Chile's water provision and wastewater industry as it acquires major shareholder interest in two companies.

SHAREHOLDERS in Putnam Investments have approved the sale of the asset manager to Great West Lifeco.

LGPA currency move

TRUSTEE demands that the private equity alliance bidding for Alliance Boots should inject £1bn into the firm's pension scheme have been rejected.

HEDGE fund performance continued to lag global equity returns in April, preliminary data reveals.

A THIRD of pension schemes are willing to set funding targets below "trigger" levels set out by The Pensions Regulator under the Statutory Funding Objective regime, research has found.

FUNDING increases to the Financial Assistance Scheme set out in the Pensions Bill are "so mean as to be morally indefensible," the Conservatives have said.

LYXOR Asset Management has entered the UK marketplace with the launch of three exchange-traded funds based on FTSE indices.

PENSION funds moving into accounting surplus will force firms to set up contingent funding arrangements in a bid to avoid trapping cash in the scheme, Watson Wyatt says.