Investment

Trustees should consider investment opportunities in the shipping industry brought on by the slow down in global trade following the credit crisis, Mercer says.

Employers are looking to strengthen and improve their defined contribution schemes as the demise of defined benefit accelerates, providers say.

Pension tax relief restrictions will unfairly penalise people who are promoted, made redundant or take early ill-health retirement, the National Association of Pension Funds warns.

Almost 17 million people, just under half the working population of the UK, have never reviewed their pension plans, research from Baring Asset Management reveals.

US - California lawmakers approved two bills to prevent government employees from increasing the amount of their pensions by padding their pay before retirement.

JAPAN - Japan's $1.4trn Government Pension Investment Fund (GPIF) returned -2.94% in the quarter ended June 30, equating to a loss of $42bn in assets.

F&C Asset Management is due to complete its acquisition of Thames River Capital on, or before, 1 September, following consent from the Financial Services Authority.

US - Miami is failing to do enough when investment managers miss their targets, a report into the city's pension funds suggests.

ASIA - Nikko Asset Management has hired the former Morgan Stanley Investment Management chief executive for Asia to help the Japanese firm continue to expand throughout the region.

In the second report from our recent DC World Steering Group meeting the participants discuss the communications challenges the industry faces