News

The Pensions Regulator has issued revised internal controls guidance for consultation, as part of a campaign to improve scheme governance and administration standards.

Richard Reid has stood down from his role as chief executive following JLT Group's purchase of HSBC Actuaries and Consultants.

EUROPE - The European Fund and Asset Management Association (EFAMA) has hired consultant McKinsey to formulate proposals aimed at the European Commission on fund distribution and long-term savings.

US - More than half of chief financial officers surveyed by Towers Perrin are concerned about defined benefit pension plan volatility.

UK - The Information Commissioner's Office has ruled Verity Trustees, the independent trustees for The Pensions Trust, breached the Data Protection Act when unencrypted personal data of 110,000 scheme members was stolen from its software provider.

GLOBAL - Schemes need to prepare for the return of inflation in case central banks fail to control upward pressure on prices, Watson Wyatt said.

UK/UNITED ARAB EMIRATES - Fund managers have sought to downplay the potential fallout from the Dubai debt crisis on both their holdings and the global economic recovery.

Some 20 million savers think politicians will not deal with major pensions issues effectively, research shows.

The Information Commissioner's Office has ruled Verity Trustees breached the Data Protection Act when unencrypted personal data of 110,000 scheme members was stolen from its software provider.

Move to see climate issue go main line; Harrods ponders pension plan shift