UK - Balanced pooled funds have bounced back in Q3 with a positive return of 9.4%, research by BNY Mellon reveals.
POLAND - Poland wants the European Union to allow countries that have overhauled their pension systems to breach the bloc's debt and deficit limits without incurring penalties, said Deputy Foreign Minister Mikolaj Dowgielewicz.
US - Smaller investment firms can provide stronger returns and better downside protection in volatile markets than bigger firms when investing in large cap US equities, research suggests.
The Alternative Investment Fund Managers directive is set to be voted into law within the next two weeks after negotiators agreed the final text of the rules.
HUNGARY - Hungary's parliament has approved the suspension of social security payment transfers to private pension funds as the government seeks to meet a deficit goal approved by the nation's creditors.
EUROPE: The Alternative Investment Fund Managers (AIFM) directive is set to be voted into law within the next two weeks after negotiators agreed the final text of the rules.
CROATIA - The Croatian Pensions Insurance Institute (Hrvatski Zavod za Mirovinsko Osiguranje - HZMO) has implemented a new software programme to bring the fund's payment processes up to EU standards.
HUNGARY - Hungary should not use pension savings to fix current budget financing problems, the country's central bank said.
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.
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.