News

UK - A backbench rebellion is brewing over government's decision to launch an appeal against last month's high court judgement, according to independent pensions advisor Ros Altman.

UK - Amicus have sworn to continue their fight with high street retailer WHSmith to maintain its final salary pension scheme following recent decisions to close it.

KPMG has combined its hedge fund, real estate and infrastructure business to create the new Alternative Investment Group.

2007 WILL see the first billion pound scheme buy out, delegates at the National Association of Pension Funds investment conference have heard.

World's share dealers take fright over US loans crisis; Gore urges pension funds to act on the environment; Sainsbury's pension trustees take counsel; Oppositions to private equity approach for Alliance Boots gathers strength

AUSTRALIA - The Labor party must rule out re-introducing a 15% tax on superannuation payouts in order to maintain Australia's economic growth, assistant treasurer Peter Dutton has claimed.

CHINA - Following China's pension embezzlement scandal last year, a new firm to manage around US$1.3bn in pension and social security funds will be set up in Shanghai.

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

US - The pension fund-backed proposal that would give large investors in Hewlett Packard more say over who sat on the board was voted down by shareholders.

THE GOVERNMENT has launched an appeal against last month's Pensions Action Group judicial review victory.