Investment

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

There is every indication that the State Pension Age, currently planned to reach 68 by 2046, will now rise further and faster.

Panellists discuss the proposed amendments to default retirement age and state pension age, and look at how DC schemes will deal with these changes

UK - The Department for Work and Pensions' proposal to abolish transfers of contracted out rights from DB schemes could see the end of the enhanced transfer value market, industry experts say.