Investment

UK - The Conservative Party has confirmed a large chunk of its pensions strategy in a major policy document on economic growth.

The Conservative Party has confirmed a large chunk of its pensions strategy in a major policy document on economic growth.

Nearly one-third of panellists said the investment rules they operate under are too restrictive and could prevent them from reaching their investment goals.

Over 63% of the respondents of Global Pensions 100 Panel said US president Barack Obama's proposals to help keep banks from becoming too big to fail will have a positive effect on the asset management industry.

US/EUROPE - A group of investors led by the Retirement System for the General Employees of the City of Miami Beach have won a class action trial against Vivendi and will be entitled to recover an estimated US$9.3bn.

US - The New York City Employees' Retirement System (NYCERS) will sue Apple's Steve Jobs and other key managers for the second time after an appeal court granted the pension fund the right to do so.

NEW ZEALAND - The New Zealand Superannuation Fund has invested US$125m in catastrophe-linked securities.

Legal & General has launched an index-linked property fund in a bid to provide schemes with an alternative to index-linked gilts and bonds.

The Reader's Digest Association says The Pensions Regulator will not approve a rescue plan for its pension scheme, throwing the future of its UK business into jeopardy.

Trustees and administrators have been told to increase the quality of their record keeping after just 19% of schemes measured up The Pensions Regulator's guidance standards.