News

Investment Solutions has hired Umar Ilyas from Bluefin as head of consultancy relations and investment actuary to boost its offering for small and medium sized schemes.

CANADA - Canadian pension funds saw assets rise 7.3% over the third quarter, buoyed by rallying global markets, research by RBC Dexia Investor Services shows.

FTSE350 scheme deficits stood still at £85bn in Q2 and Q3, despite a rise in global equity markets in the third quarter, Mercer data reveals.

The National Trust has appointed Punter Southall to provide advice on its defined contribution strategy ahead of the 2012 reforms.

UK/CANADA - The property arm of the Ontario Municipal Employees Retirement System (OMERS) has joined forces with the British Land Company to develop a £340m ($534m) City of London office block.

The short time scale to implement changes to pension tax relief for high earners is causing problems for businesses, a poll of 300 pension professionals shows.

The state pension could be lifted to a £140 per week payment with no means testing, according to new proposals.

HUNGARY - Hungarian stocks dropped the most in the world, leading the benchmark BUX stock index to the steepest decline in more than two months on concern regarding the government's pension plans, a trader said.

UK - The shift to CPI indexation could cut scheme liabilities by 3% but may not result in a one-off profit windfall for firms, an accounting task force has proposed.

US - The US Government is to update the definition of "fiduciary" to cover any person who provides investment advice to plans for a fee.