Investment

US - A pension fund is suing Goldman Sachs alleging officials and the board breached their fiduciary duties by allowing an expected US$22bn in 2009 bonuses.

ITALY - The Istituto Nazionale di Previdenza dei Giornalisti Italiani has hit back at media reports which recently indicated the pension fund for Italian journalists was in financial troubles.

US - Former TCW chief investment officer Jeffrey Gundlach has lured more than 30 members of his old fixed income team to his new firm DoubleLine.

Panellists tackle one of the hot topics of the last year - the issues surrounding traditional default funds

The Society of Pension Consultants has condemned the delay to the introduction of personal accounts and said the move "belies confusion and indecisiveness on the part of the government".

Swiss Re has confirmed it was the counterparty behind a £750m longevity swap with the Royal County of Berkshire Pension Fund.

UK - Swiss Re has confirmed it was the counterparty behind a £750m (US$1.2bn) longevity swap with the Royal County of Berkshire Pension Fund.

GLOBAL - Asset managers and pension plan sponsors are putting working on putting more focus on stress testing and identifying the underlying drivers of risk and return across asset classes in a major overhaul of risk management practices, a new survey...

AUSTRALIA - The first phase of the comprehensive review into Australia's superannuation system has steered clear of dictating investment practices, but argued that governance at super funds should be equivalent to practices at listed governance.

Great-West Retirement Services (Europe) has withdrawn from the competitive dialogue process for personal account scheme administration services.