Investment

EUROPE - Some 41% of pension scheme managers would consider de-risking through a buy-in or buyout in the next 12 months if market conditions are favourable, new research revealed.

Fidelity International chief investment officer Nicky Richards is to depart the group at the end of this month.

UNITED ARAB EMIRATES - Infrastructure developer Kharafi National has instituted a new retirement plan for employees that allows them access to a wide variety of global investment options and offers a company match.

US - Some of the largest pension fund investors and corporate governance experts in the US have urged senators not to undermine key provisions in a bill proposing sweeping reform of the US financial system.

The WTL International Retirement Benefits Scheme's claim of breach of contract and negligence against Scottish Widows has been rejected in the courts.

Unfunded pension promises made to past and present UK public sector workers now amount to £993bn, Towers Watson calculations reveal.

UK - Unfunded pension promises made to past and present UK public sector workers now amount to £993bn (US$1.5trn), Towers Watson calculations revealed.

Balanced pooled funds posted a positive return for February 2010 with a median of 3.5%, latest BNY Mellon Asset Servicing CAPS figures reveal.

UK - Calculation of the Pension Protection Fund (PPF) levy should be changed so schemes can rely on specific estimates for a number of years, a steering group recommended.

AUSTRALASIA - The median Australian superannuation growth fund was up 20.4% in the year ending February while the New Zealand Superannuation fund was up 17.4% from the start of its fiscal year in July.