News

PERSONAL accounts could be in debt for 18 years if an annual management charge is implemented, the Pensions Policy Institute warns.

Bulk annuity buyout firms could pick up a quarter of schemes in the next five years - but only if they slash their costs.

STATE Street Global Advisors has launched a "130/30" fund for UK institutional investors - a move which was forecast in last week's Fund Management page.

US - Institutional investors are becoming more comfortable with hedge funds, but most have also called for a more rigorous risk management program, according to a survey by State Street released today.

HEALTH plan provider HSA has given more than £800 to the Royal National Lifeboat Institution to help train volunteers in the UK and Ireland.

UK - The majority of UK equity managers are missing their targets according to a study by Mellon.

UK - Chancellor Gordon Brown has announced a £6bn cash boost for the Financial Assistance Scheme (FAS).

EUROPE - The European Parliament's Employment Committee has endorsed a proposed directive to enable workers to take their supplementary pensions with them as they move between and within member states.

GOVERNMENT bonds will continue to be skewed towards long-dated conventional and index-linked issues this year, delegates heard.

PENSION firms are failing to prepare for business disruption despite recording a "dramatic increase" in upheaval, Chartered Management Institute research reveals.