Investment

Risk transfer deals are expected to be well in excess of £1bn in the fourth quarter on the back of improved market conditions and indexation changes, industry experts say.

US - The California Public Employees' Retirement System (CalPERS) has refused to pay pensions based on recent compensation set for a number of City of Bell employees.

Plans by the European Union to introduce Solvency II rules to the pensions industry run the risk of undermining pension provision rather than strengthening it, industry bodies have warned.

NEST has confirmed its long-term administration contract with Tata Consultancy Services.

Mercer has restructured its investments and retirement businesses and appointed Andrew Kirton to the new role of global chief investment officer.

EUROPE - Cross-border passporting of schemes should be allowed between EU countries with similar social and labour law and pension systems, the Society of Pension Consultants says.

The Investment Governance Group has set out a framework to help defined contribution pension schemes improve investment decision making and scheme governance.

Demographic changes, the ongoing pensions crisis and increasing regulation are the main challenges facing the global real estate market, delegates heard.

Using consumer prices as an inflation measure in the future could make social housing an attractive investment proposition, a fund manager says.

Cross-border passporting of schemes should be allowed between EU countries with similar social and labour law and pension systems, the Society of Pension Consultants says.