News

UK - Actuarial consultant Lane Clark and Peacock (LCP) is looking to develop a packaged service for pension funds which would transfer all management responsibilities from the trustee board to the consultancy.

Pensions move ‘irrational and unlawful'; GMB threatens strike over BA pensions dispute; Legal & General buys Nationwide life business; Nationwide bails out of bancassurance

TRUSTEES of the British Airways pension scheme have signed documentation which will put into effect the New Airways Pension Scheme deficit funding plan.

SWITZERLAND - The asset management division of Julius Baer saw its total assets under management (AuM) increase 22% over 2006, rising to CHF223bn (€137bn).

US - The Department of Labor (DoL) has sued X-Ray Equipment and its owner Colen Carter over the alleged misuse of over $1.5m in retirement plan assets.

UK - Credit Suisse has appointed bfinance's Terry O'Malley as its director and head of UK institutional distribution for asset management.

First round voting for the Pensions Personality of the Year closes today - and the response has already been overwhelming.

A pension scheme has bought its struggling sponsor in a bid to safeguard the future of the fund.

SWEDEN - The second AP fund achieved an impressive 13% (€2.7bn) return in 2006, but still fell far short of its 18.7% return the year before.

NETHERLANDS - ABN AMRO posted a 9.7% increase in assets under management to €193bn in 2006.