Investment

SWITZERLAND - Swiss pension funds are set to post an average growth in excess of 9% for the first three quarters of 2009, the latest Swiss institutional survey by Lusenti Partners revealed.

US - Defence contractor Lockheed Martin said yesterday it planned to contribute US$2.4bn to its pension funds through 2010.

GLOBAL - The take up of infrastructure by institutional investors is being compromised by high fees, Watson Wyatt said.

The state pension age must increase to 70 by 2015 to avoid drastic public sector spending cuts, a research body says.

The Invensys Pension Scheme has appointed BNY Mellon to provide it with derivatives collateral management services.

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

The take up of infrastructure by institutional investors is being compromised by high fees, Watson Wyatt says.

AUSTRALIA - Australia's A$64.3bn (US$60bn) Future Fund reported returns of 5.6% in the quarter ending September 30.

A boom in the pensioner population to 15 million will create a huge underclass unless changes are made to retirement options, an industry body says.

Scheme members should not play "retirement age bingo" with their pension savings, AWD Chase de Vere Consulting urges.