News

SMOKERS quitting the habit will cost defined benefit pension schemes £20bn, research by PricewaterhouseCoopers reveals.

Union officials have attacked retail giant WHSmith for rejecting plans that would keep its final salary scheme open.

Pooled funds launches

CHINA will still deliver good returns to schemes in 2007 despite recent turbulence in its equity markets, Baring Asset Management believes.

DEFINED contribution scheme members need more education if they are to make proper decisions about their investments, delegates were told.

Clinical technology firm ClinPhone has launched a company-paid healthcare cash plan for its 454 staff.

WORKING beyond retirement age has become the norm for an increasing number of people, latest figures show.

DOZENS of fund managers are poised to leave major investment houses and set up their own boutiques, Resolution Asset Management believes.

Global - AXA Investment Managers saw revenues rise 40% to €1.18bn in 2006, up from €846m in 2005.

US - CalPERS has been awarded US$117.7m settlement in a securities lawsuit brought against Time Warner - significantly lower than the $250m loss the fund said it had incurred as a result of the alleged accounting irregularities.