News

FRESH proposals for cutting scheme red tape have been dubbed "Pickering II", by a leading consultant.

US - Efforts for "terror free" pension investment in the US have stepped up a level with senators beginning negotiations with oil and gas companies which have links to Iran.

THE MINIMUM drawdown rate for alternatively secured pensions (ASPs) is set to be reduced to 55pc, it was announced yesterday.

UK - The National Association of Pension Funds has voiced its disappointment at a £4.1bn cut in gilt sales following last week's speech by MP Ed Balls assuring fund managers of the increased issuance of long-dated bonds.

US - California-based Dimensional Fund Advisers, which manages assets for CalPERS and Utah State Retirement systems, has announced that ex-Janus CFO David Martin will join the company in the same position.

FIDELITY International has upgraded its online service for defined contribution pension schemes in a bid to reduce the time involved in scheme administration.

US - The Indiana Teachers' Retirement Fund (TRF) has committed US$50m to a "sidecar" fund to the $105m Indiana Investment Fund 1 (IIF), which was launched in June last year.

CARDANO has appointed Hewitt Associates senior investment consultant Kerrin Rosenberg as its UK chief executive officer to lead a massive expansion of its business.

MORE than 80,000 British Airways staff are to benefit from cheaper shopping bills thanks to a new discounts package.

Life and pensions giant Prudential is set to buy Equitable Life's £1.8bn portfolio of in-force with-profits annuities.