Investment

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.

UK/GLOBAL - The Universities Superannuation Scheme (USS) decided to sell its stake in Océ to Canon after the Enterprise Chamber of the Amsterdam Court of Appeals rejected the pension fund's request to investigate Canon's tender offer to buy Océ.

Helen Morrissey surveys the state of the investment industry as it emerges from a tempestuous two years

In the first in a series of Pensions In-Depth interviews, Jonathan Stapleton speaks to the London Pensions Fund Authority about their proposals for LGPS reform

Sebastian Cheek previews the March 18 edition of Professional Pensions.

US - Despite concerns over whether or not public pension funds have set unrealistically high return targets, a new report shows that long-term returns have beat assumptions.