Investment

Defined benefit pension funds are £0.3bn in surplus for the first time since June 2008, Pension Protection Fund figures reveal.

ROMANIA - Romanian mandatory private pension funds posted a 9.5% profit for the first quarter of 2010 and gained 24.2% in the 12 months ending March 31, data by pension supervisory authority Comisia de Supraveghere a Sistemului de Pensii Private (CSSPP)...

EUROPE - European multi-asset strategies grew nearly 30% to a record €848bn (US$1.1trn) in assets under management during 2009 due to investors' need for better risk diversification, a report from Cerulli Associates revealed.

European multi-asset strategies grew nearly 30% to a record €848bn (£746bn) of assets under management during 2009 due to investors' need for better risk diversification, a report from Cerulli Associates reveals.

Pension funds engaging in private placements can earn attractive, inflation linked returns over the longer term and is an activity which is likely to increase, M&G says.

UK - Total contributions to private pension schemes in the UK dropped for the first time since records began after the recession kicked in, Office of National Statistics research showed.

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US - Delta Air Lines has topped up the pension schemes covering most of its US employees by US$558m.

US - Californian schemes have dismissed the conclusions of a study by the Stanford Institute for Economic Policy Research (SIEPR), which claimed the funding level of the three largest Californian pension funds has so far been understated due to the accounting...

Carey Pensions has teamed up with asset management firm Sterling McCall to launch a "discretionary based" workplace pension service.