NETHERLANDS - The €397m Dutch corporate pension scheme Internatio Muller St. Centraal Psf. is currently in the process of transferring its pensioner liabilities to Delta Lloyd after agreeing to be bought out by the insurance firm, pension fund director...
LATIN AMERICA - Following the Argentine government's move to nationalise the private pension fund industry, further bad news is likely from other Latin American countries, a Schroders' briefing note has warned.
NETHERLANDS - AEGON Group has taken a €3bn (US$3.76bn) capital injection as part of a wider programme instigated by the Dutch government to shore up the position of "fundamentally sound and viable banks".
FRANCE - A third of French people fear they will not be able to retire before the age of 65, while over half believe they will have to work into their retirement, according to a survey conducted by HR firm Kelly Services.
JAPAN - A record amount of Japanese households said they are worried about retiring because they lack savings, a central bank report showed.
Trustees will have to justify the money they spend on guaranteed minimum pension conversion especially in the current economic climate, Capita Hartshead says.
INCLUDING: UK - Govt must take sensible approach to annuities; AUSTRALIA - Requirements for disclosure of short sales; UK - NAPF announces keynote speaker at trustee conference; NEW ZEALAND - Guardians help drive world-wide initiative on corporate behaviour;...
EUROPE - ETF Securities has announced the launch of Europe's first carbon exchange traded commodity (ETC), to be listed on the London Stock Exchange (LSE).
AUSTRALIA - Trustee training and education are the key issues facing the self managed super funds (SMSF) industry, the shadow minister for financial services has warned.
US - Unregulated credit default swaps (CDS), an insurance based scheme for bond and securities, have been cited as a major reason why 401(k) pension plans have suffered significant losses during the economic crisis.