January
2005
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|
Bad
news for those in good health
Average annuity rates have fallen by 41% for men and 38%
for women over the last ten years, as revealed by a recent survey
from financial information provider Moneyfacts |
26/01/05 |
Millions
being paid to the dead
Whether through fraud or by accident, company pension schemes
are paying out some £400 million annually to people who
are dead, according to accountants and advisers Baker Tilly
|
26/01/05 |
MNPA
announces receipt of FSA approval
The Financial Services Authority has given full formal authorisation
to third party administrator MNPA for its FSA-regulated activities,
the company has reported |
26/01/05 |
Global
liabilities outstrip growth
Pension fund liabilities on a global scale continued to
outstrip pension fund asset growth in 2004, according to a recent
report by Watson Wyatt |
25/01/05 |
Government
estimate of Myners costs “flawed”
The government’s estimated cost of £15 million
for compliance with the latest revisions to the Myners Principles
for institutional investment decision making is “flawed”
and the true cost is likely to be much higher, according to
Hammonds' Clifford Sims |
25/01/05 |
Ethical
funds not sacrificing returns
Standard Life Investments has reported that its ethical
funds under management have broken through the £200 million
mark, and are performing well against the FTSE All-Share
|
24/01/05 |
Friends
Provident boosts fund range
Friends Provident has boosted its New Generations platform
with the addition of 12 new funds from external managers Gartmore,
Axa Rosenburg and UBS |
24/01/05 |
L&G
reports strong figures for 2004
Legal & General’s Corporate Pensions division
has announced record new business figures bringing its funds
under management to over £100 billion |
21/01/05 |
FSA
publishes its Financial Risk Outlook
The Financial Services Authority (FSA) has published its
Financial Risk Outlook for 2005, detailing the risks it sees
facing the financial sector and its customers in the coming
year |
19/01/05 |
Profund
renews contract with FPS
Pensions administrator FPS Group has signed a renewal contract
with Profund Solutions to provide it with its ongoing administration
software needs |
19/01/05 |
NAPF
produces guide to shareholder voting
The National Association of Pension Funds (NAPF) has produced
a new guide for pension fund trustees interested in having a
bigger impact on the companies in which they are invested
|
19/01/05 |
Pilot
mediation scheme aims to relieve pressure on courts
A pilot mediation scheme has been launched by The Pensions
Advisory Service and the Association of Pensions Lawyers , aimed
at seeing more pension cases settled amicably and out of court
|
19/01/05 |
Positive
judgement in L&G mis-selling appeal
The Financial Services and Markets Tribunal has delivered
a positive judgement for Legal & General in its appeal over
the FSA’s endowment mortgage mis-selling case against
the company |
18/01/05 |
Tax-free
cash tips for top tier workers
A new guide to pension planning, aimed mainly at directors
and senior executives, has been published by Alexander Forbes
Financial Services |
18/01/05 |
New
HR outsourcing company announced
Consultancy Towers Perrin and HR outsourcing firm EDS have
teamed up to launch a new company providing a range of human
resources outsourcing services |
18/01/05 |
Watson
Wyatt LLP and Watson Wyatt & Company combining
UK based Watson Wyatt LLP has signed a letter of intent
to combine with New York based Watson Wyatt & Company, in
a
$451 million deal
|
18/01/05 |
DTI
guidance on employee consultation regulations
The Department for Trade and Industry (DTI) has published
guidance on the Information and Consultation of Employees Regulations
2004 |
14/01/05 |
TUC
calls for pension disclosure
Employers have been urged to come clean on employees’
pay and pension levels, under new guidelines published by the
TUC |
10/01/05 |
Public
sector reform sparks anger
Details of a year long review of the NHS Pension Scheme,
carried out as part of the government’s overall proposed
reforms of public sector pensions, have refuelled union anger
at the perceived attack on public workers’ retirement
provision |
10/01/05 |
Winterthur
boosts DC with Shariah fund
Winterthur Life has enhanced its defined contribution (DC)
fund range with an Islamic fund following increased demand from
consultants |
07/01/05 |
Pension
deficits cause M&A difficulties
A new study from Towers Perrin HR Services has found that
pension liabilities represent a major obstacle to successfully
completing merger and acquisition deals for 47% of FTSE350 CFOs |
05/01/05 |
PCB
agrees biggest payout since inception
The Pensions Compensation Board (PCB) has agreed to make
a capital payment of nearly £2.4m to the pension scheme
of CW Cheney & Sons Limited, the Cheney Pension Scheme
|
05/01/05 |
Pension
funds in positive figures for second year
UK pension funds have achieved positive returns for the
second successive year with overall growth, as of 31 December,
estimated by Russell/Mellon to be 10% |
04/01/05 |
