Investment

Employers and workers are being asked to submit their views on the default retirement age to feed into the official government review taking place next year.

EUROPE - The European Commission has adopted additional proposals clarifying the scope of the new European Supervisory Authorities.

GLOBAL - The Caisse de dépôt et placement du Québec (Caisse) and AXA Private Equity have entered into a partnership aimed at helping Québec and European-based businesses expand internationally.

FRANCE - Investment returns at the Fonds de Réserve pour les Retraites (FRR) are up 12.8% since the start of the year helping to bring its total assets to €31.9bn (US$47.2bn), the pension fund said.

The European Commission has adopted additional proposals clarifying the scope of the new European Supervisory Authorities.

Some 30% of trust-based defined contribution schemes have breached retirement disclosure regulations, a report by The Pensions Regulator reveals.

Minor amendments to personal accounts scheme order and rules will be made as a result an industry consultation but no major changes will take place, PADA says.

UK - NAPF chairman Lindsay Tomlinson speaks to GP senior correspondent Giovanni Legorano about his goals for the organisation given the current situation of the UK pension industry.

EUROPE - The vast majority of UCITS asset managers are set to consolidate their various companies as they prepare for the implementation of the UCITS IV directive.

GLOBAL - Pension funds in emerging market countries have outpaced those in developed countries as they recover from the financial crisis, a report by the Organisation for Economic Co-Operation and Development found (OECD).