Aon

Gordon Brown's decision to abolish tax relief on dividends to pension funds in 1997 has cost the 200 largest defined benefit pension schemes £20bn, claims Aon Consulting.

Only one in ten companies over the next three years are expected to remove their pension scheme liabilities, suggesting an increase in providers has not boosted business within the bulk annuity market.

Recent volatility in global stock markets, which has seen the FTSE 100 fall 4.4% in three days, has caused UK pension deficits to rise by £11bn, claims Aon Consulting.

Close Investments has acquired Aon Asset Management's multi-manager business, which will be combined with its own to form Close Multi-Manager with funds under management of about £2bn.

'Overbearing' regulation has hurt pension schemes more than changes to the tax system claims Aon Consulting.

Ian Frost is moving from BlackRock to Investec Asset Management to become a global fixed income portfolio manager while Aegon Asset Management has also announced a series of new arrivals to its fixed income team.

BRITAIN'S PENSION funds transferred £20bn from equities into bonds between 2002 and 2004 as trustees became increasingly concerned about the volatility of the stock market and the effects of the ageing population, a study has found, reports the Times...

Norwich Union has this morning confirmed plans to launch a manager of managers funds range next week.

Enforcement of a UK compulsory pension contributions system could potentially force the government to fork out up to £4bn a year in tax relief, according to calculations from consulting firm Aon.

More than half of young Brits are not saving enough for their retirement while almost as many do not participate in pension schemes offered by their employers, a survey suggests.