News

UK - Straight Though Processing (STP) to streamline expanding defined contribution (DC) pension schemes is the future, according to five industry major players.

UK - The Transport and General Workers Union (T&G) has reacted angrily to Michelin's decision to close its final salary pension scheme.

US - State Street Global Advisors (SSgA) has revealed plans to develop synthetic hedge funds which could be made available to institutional investors.

SKANDIA, the subsidiary of Old Mutual, is set to merge its Skandia Life, Skandia MultiFunds and Selestia businesses in a bid to make its offering to financial advisers more understandable.

Royal London and Royal Liver in early stage of takeover talks; Pensions schemes most pressing risk to firms; Case study

THE PENSION Protection Fund has unveiled the scaling factor enabling schemes to calculate their levy bills for 2007-2008.

UK - Institutional investors have been told to expect ‘service as usual', despite a possible merger between Royal London Group and Royal Liver.

UK - The Pension Protection Fund (PPF) levy scaling factor has been slammed by Watson Wyatt for potentially costing companies five times more than last year.

ABERDEEN Asset Management has unveiled its interim results for the six months to the end of March - unveiling an 18.5pc increase in pre-tax profits.

US - Reports that TPG, formerly Texas Pacific Group, had been discussing selling shares to major pension funds were dismissed as speculation by the private equity firm.