IRELAND - Four out of five defined benefit (DB) schemes are in deficit despite good investment returns last year, the 2009 Annual Review by Ireland's Pensions Board revealed.
US/UK - Russell Investments has sold Pantheon Ventures, its US$22bn private equity fund of funds manager, to Affiliated Managers Group for around $775m.
Russell Investments has sold Pantheon Ventures, its $22bn (£14.1bn) private equity fund of funds manager, to Affiliated Managers Group for around $775m (£500m).
The Investment Governance Group is seeking industry feedback on steps to improve governance in defined contribution pension schemes.
US/EUROPE - US class action law firms have been engaging in fierce competition in order to get business from European pension funds in recent years.
GLOBAL - Towers Watson has started recommending its clients invest up to half of their passive assets in fundamental indexes.
Towers Watson has started recommending its clients invest up to half of their passive assets in fundamental indices.
Financial Services Authority chief executive Hector Sants will step down in the summer after three years in the role.
Trustees of the EMI Group Pension Fund and Maltby Capital - the owner of EMI Music and EMI Music Publishing - have called in The Pensions Regulator to help resolve a dispute over funding and strategy.
Pension funds have been returning to the UK commercial property market in the wake of improving returns after the asset class lost almost half of its value, industry figures say.