News

Savers are failing to take full advantage of opportunities created by last April's A-Day pension tax changes, delegates were told.

GLOBAL - Goldman Sachs Asset Management saw net revenues fall US$417m, or 28%, to $1.07bn in Q1 2006 compared to the same period last year.

US - Trust Company managing principal Mike Palmer has been appointed to the TIAA-CREF board of financial advisors.

UK/US - JPMorgan has created an international index designed to benchmark and trade longevity risk.

US - Assets of the 35 worst-performing Massachusetts pension funds could come under state control, according to an analysis by the state retirement commission.

SCHEMES could soon be able to hedge their longevity risks following the launch of the world's first longevity index by JPMorgan.

AUSTRALIA - Former MTAA Superannuation Fund trustee John Rickus has joined consultants Principle Advisory Services as a strategic advisor.

UBS GLOBAL Asset Management has launched a range of six pooled bond funds in a bid to allow schemes to invest in a wider range of fixed income assets.

Strategy of HSBC pension funds attacked; US moves to reclaim financial markets supremacy; Worries push sterling down

HgCapital Trust has announced preliminary results for the year ended December 31 - revealing an increase in net asset value of 20pc to £187m.