Investment

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.

The Chartered Institute of Personnel and Development is to close its defined benefit pension scheme to new members from January.

GLOBAL - Private pension funds have not been using benchmarks that measure them against their long-term goal of providing income replacement, a preliminary report by the Organisation for Economic Co-Operation and Development (OECD) found.

Current incentives to defer taking a pension are so attractive they provide a "back door" state retirement age of 70, the Institute of Directors says.

The proposed European Union directive to regulate alternative asset managers could cost investors some €5bn (£4.6bn), a report commissioned by the Financial Services Authorities reveals.