News

UK - The Pension Protection Fund (PPF) said it would be opposed to any possible merger between itself and the Pension Regulator.

FRANCE - French civil servants fund Caisse des Dépôts et Consignations has appointed Augustin de Romanet to the role of CEO - left vacant following the tragic death of Francis Mayer.

COMPANIES could make "significant" savings by combining their final salary pension schemes, Watson Wyatt believes.

UK - A new private members bill could see £4bn in unclaimed bank and building society accounts relocated to a compensation scheme for the victims of failed occupational pension schemes.

INVESTMENT management firms could be forced to pay schemes hundreds of millions of pounds if the EU advocate general's opinion on value-added tax is upheld.

CORDEA Savills has bought a 179-room student hall development in Loughborough for its Student Hall Fund.

MELLON Group has roundly beaten its new partner the Bank of New York in R&M's latest global custody survey.

AUSTRALIA - AustralianSuper has increased its assets under management by 20% (A$5bn) to A$25bn in the 8 months since its inception.

SOUTH AFRICA - The establishment of a mandatory state pension fund in South Africa is unlikely to translate into new business for asset managers.

Merger of pensions bodies mooted; Minister threatens to clamp down on tax advantages of private equity deals; Institutions face votes pressure