Investment

Defined contribution pension funds have returned to the value they were before the recession started in September last year, Aon Consulting figures show.

US - CalSTRS is set to review its global equity mandates and will make changes "as necessary" in the wake of losses in excess of 30% last year, the scheme outlined in its 10-year investment plan.

UK - The Universities Superannuation Scheme (USS) has paid £1.8m (US$2.9m) in bonuses to its investment staff despite its funding level dropping severely, according to its annual accounts.

The Personal Accounts Delivery Authority is set to launch a myth busting programme to explain how the national pension saving scheme will work from 2012.

NORWAY - Norway's Government Pension Fund - Global gained NOK309bn (US$51.3bn) in the second quarter, a record gain for the scheme, the Norwegian central bank said today. The pension fund also said it expanded its environmental focus to include water-related...

UK - Personal accounts will complement and not replace existing provision, chief executive of the Personal Accounts Delivery Authority Tim Jones said.

EUROPE - Belief among credit investors in Europe that the worst market disruption is over has surged over the second quarter, according to research from Fitch Ratings.

I was going to report that the silly season had begun and there was not actually much happening out there apart from the increasingly bizarre pronouncements on how to improve governance from ‘trustee champion' Lord Myners.

Some 71% of defined contribution savers who received a "wake-up pack" from providers six months before retirement better understood their options, Association of British Insurers research shows.

Personal accounts will complement and not replace existing provision, Tim Jones says.