Investment

GLOBAL - Defined contribution members risk dramatic fluctuations in retirement income unless they adopt default strategies that reduce the impact of market shocks, the global body warned.

US - The San Diego County Employees Retirement Association (SDCERA) Board of Retirement has decreased its assumed rate of return to 8%, from 8.25%, the assumed rate for the past 13 years.

NETHERLANDS/UK - Dutch pension fund and asset manager PGGM has allocated €75m (US$89.8m) to a UK property fund run by Standard Life.

The number of investors considering climate change policies as key to manager selection has doubled since 2007, but the actual integration of these policies into investment mandates has failed to take off, a report by the Institutional Investors Group...

EUROPE - The number of investors considering climate change policies as key to manager selection has doubled since 2007, but the actual integration of these policies into investment mandates has failed to take off, a report by the Institutional Investors...

M&G has launched a UCITS III version of a global macro investment strategy in a bid to target institutional investors.

EUROPE - M&G has launched a UCITS III version of a global macro investment strategy in a bid to target institutional investors.

EUROPE - Pension funds are continuing to diversify into riskier assets, with interest in private markets likely to increase in the short to mid-term, bfinance said.

Who knew that BP stood not just for British Petroleum but also for British Pensions?

Embattled BP chief executive Tony Hayward has reassured pension schemes the firm's obligations will be met despite spiralling costs following the Gulf of Mexico oil spill disaster.