News

INDIA - Foreign fund managers may be able to get a bite of the massive Indian pensions cherry if new legislation is passed by the government, it has been reported.

UK - The Financial Services Authority (FSA) has warned life insurance companies to strengthen their life expectancy assumptions and set more money aside to pay long-living pensioners.

EUROPE - Fortis Investments has increased its profit by 10% compared to last year according to its Q1 2007 results.

INVESTMENT in ethical funds by schemes and other investors has surpassed £5bn for the first time, latest figures by the Investment Management Association reveal.

GLOBAL - Fitch Ratings has downgraded Credit Suisse's London-based asset management arm rating to 'AM2-' from 'AM2' and removed it from Rating Watch Negative (RWN).

Employers call for access to pension funds; Osmond aims to ease pension portion of takeovers; FSA warns over longevity figures; Final salary provision costs more, study finds

UK - The PPF levy is a potential crippling additional cost to some pension schemes, according to the latest annual pension schemes administration survey by Capita Hartshead.

Professional Pensions has launched The Pension Scheme of the Year Awards 2007 in a bid to find the best pension funds and managers in Britain.

FIDELTY International is launching a new member communications programme to help companies boost take-up of defined contribution pension schemes.

Taxing schemes if they accidentally overpay a pension is "wacky and impractical", a leading lawyer claims.