News

BUSINESS advisory firm Deloitte has poached Andy Green from Mercer Investment Consulting to lead its pension investment consulting team.

RETIREMENT income could be increased if financial advisers offered a more sophisticated combination of annuities, drawdown products and phased retirement plans, Fidelity International claims.

PACKAGING manufacturer Nampak has replaced its trust-based defined contribution scheme with a group stakeholder pension plan because concerns over the growing number of regulations facing trustees.

HIGH street retailer Woolworths believes its final salary pension scheme is fully funded.

FUND managers' appetite for risk dropped sharply in March following the sell-off in global stocks in February, new research reveals.

GERMANY - Germans must strengthen private and company pension provision in order to avoid a significant drop in income during retirement , stated a survey released by Fidelity International Germany.

ACCOUNTING standard FRS17 is spurring schemes to adopt failing investment strategies, the Association of British Insurers claims.

SCHEMES withdrew more than £11bn from UK company securities last year, latest figures from the Office of National Statistics show.

HSBC Investments has launched a global absolute pension fund aimed at small and medium-sized schemes seeking exposure to hedge funds.

US - The former CEO of USA Mining Inc has been instructed by a federal district court to restore almost US$5m to the pension plans of Standard Coosa Thatcher (SCT) Yarns Inc.