Investment

The 6,653 schemes monitored by the Pension Protection Fund reported a surplus of £13.5bn at the end of last month, figures show.

Three Co-operative Group pension schemes have awarded diversified growth mandates to RCM.

IRELAND - The ministry of finance has denied media reports that a proposed cut in the state pension is off the table.

Janus Capital has unveiled investment grade and high yield strategies investing in credit from around the world.

M&G will launch its social housing investment fund by the end of the year, the asset manager says.

Goldman Sachs has been appointed to carry out a strategic review of beleaguered fund group Gartmore.

The November issue of Global Pensions is out now. This month's issue includes:

IRELAND - Up to a quarter of the country's €24bn ($34.2bn) National Pension Reserve Fund should be used to create jobs and invest in infrastructure, the Irish Congress of Trade Unions said.

UK - The government has today detailed plans on how the state pension age will rise to 66 by 2020.

The Pension Income Choice Association has further expanded its management board with the appointment of Fidelity Investment Manager's UK managing director, Gary Shaughnessy.