News

UK - It would be outrageous for the government to make those affected by the pension maladministration wait any longer for compensation, independent pension advisor Ros Altmann has claimed.

CYPRUS - The Cypriot government has once again been forced to face its bleak pension reality with the International Monetary Fund declaring urgent reform was needed in addition to the steps taken to address aging-related expenditure pressures.

UK - Hermes confirmed it is reviewing options for its index-tracking division, but refuted claims the division was cross-subsidising its active management business.

US - CalPERS has announced two investments of US$400m into emerging markets and cleantech funds, both of which wil be managed by Pacific Corporate Group (PCG).

NEARLY two-thirds of scheme managers believe proposals to increase Pension Protection Fund levy payments for the 2007-08 year fail to strike the right balance between protecting weaker schemes and not penalising stronger schemes, an exclusive survey by...

PERSONAL accounts could be run at the government's proposed cost of 0.3pc within seven years, administrators believe.

Paul Bourdon Managing director and head of European pensions solutions group Credit Suisse Bourdon...

F&C ASSET Management opposed UK company bosses in just 8pc of shareholder votes, latest figures show.

UK - Peter Scales has joined EPIC Investment Advisers' (EIA) investment panel, having worked most recently as CEO of the £3.6bn London Pensions Fund Authority.

Pilots have backed British Airways' plans to plug its £2.1bn pension deficit by an overwhelming majority of 88pc.