Investment

Schemes looking to cut investment costs through the use of pooled funds actually face 30% higher annual manager fees, Lane Clark & Peacock warns.

UK - Schemes looking to cut investment costs through the use of pooled funds actually face 30% higher annual manager fees, Lane Clark & Peacock warned.

Almost two-thirds (64%) of trustees say the economic events of the past 18 months have meant that pension de-risking has become a greater priority, MetLife Assurance research reveals.

UK - The Pensions Regulator is appealing a court decision to stop its attempts to seek £2.1bn (US$3.2bn) from Nortel Networks on behalf of the struggling UK pension scheme.

The Pensions Regulator is appealing a court decision to stop its attempts to seek £2.1bn from Nortel Networks on behalf of the struggling UK pension scheme.

NETHERLANDS - APG, the asset management arm of Dutch civil service pension fund ABP, has dismissed two investment professionals for violating the company's code of conduct.

NETHERLANDS - Assets under management of Dutch pension funds increased by 3% during the fourth quarter of 2009 on the back of equity gains, data by the De Nederlandsche Bank (DNB) revealed.

The UK's Debt Management Office realises there is strong demand from institutional investors for index linked and long dated gilt issues but is obliged to balance issuance with the unit's statutory obligation to ensure a transparent and predictable auction...

The Pensions Regulator's hardline stance on enhanced transfer value exercises could leave trustees vulnerable to legal action should an employer fail, a lawyer warns.

CHILE - Chile's Pension Reserve Fund (PRF) and the Economic and Social Stabilization Fund (ESSF) have returned on average 6.9% since their creation in 2006 to December 2009, ministry of finance Andrés Velasco revealed.