Investment

The recovery of defined benefit schemes and charity funds in 2009 was spearheaded by a "stellar" performance from risk assets, State Street Corporation says.

Pensions professionals are still underestimating the effect of increased longevity on their schemes, an exclusive Hewitt poll reveals.

UK - Pensions professionals are still underestimating the effect of increased longevity on their schemes, an exclusive Hewitt poll revealed.

EUROPE - Introducing collective defined contribution schemes would not breach European law despite one government citing it as a reason to abandon risk sharing, a lawyer said.

Introducing collective defined contribution schemes would not breach European law despite the government citing it as a reason to abandon risk sharing, a lawyer says.

Tom Stevenson recently retired from his post as Kellogg's pensions manager. Before he left, Sebastian Cheek asked him how the scheme qualified for the NAPF's Pension Quality Mark

ROMANIA - Romania's mandatory pension system returned 17.7% in 2009 while the voluntary system boasted returns of 15.9%, figures by the Romanian Pension Fund Association (APAPR) showed.

US - TCW Group announced it has withdrawn from the government's programme to invest in toxic bank assets following a staff exodus at the bond asset manager.

American asset manager Neuberger Berman has replaced its defined contribution scheme for UK employees with a new group stakeholder arrangement.

UK/US - American asset manager Neuberger Berman has replaced its defined contribution scheme for UK employees with a new group stakeholder arrangement.