News

HERMES Pensions Management is mulling a tie-up with another passive fund manager as part of a review of its index-tracking business, the company says.

SOUTH AFRICA - Finance minister Trevor Manuel has urged South African trade unions and employers to get involved in discussions on the proposed compulsory social security pension scheme and retirement fund reforms.

FIRMS are avoiding paying cash into pension schemes because they fear they will not be able to recover contributions if their fund goes into surplus, PricewaterhouseCoopers claims.

A pension saving survey by the Consumers' Association magazine Which? underlines the need for personal accounts, pensions reform minister James Purnell claims.

THE FINANCIAL Services Authority has fined Regency Investment Services £14,000 for income withdrawal failings.

Only a third of workers in the UK are saving for retirement compared with almost a half of Americans and three-quarters of people in Hong Kong, a new study shows.

Health cash plan specialist HSA is piloting emission-friendly vehicles in its fleet to help prevent climate change.

SCHEME demand for bespoke defined contribution funds is on the rise, Fidelity International says.

RATINGS provider Standard & Poor's has teamed up with accounting firm Moore Stephens for the launch of a new covenant management service for trustees.

GLOBAL- Pension deficits soared by £11bn yesterday alone, as stock markets around the world felt the effects of China's spectacular nosedive.