Regions

GLOBAL - The £28bn Universities Superannuation Scheme in the UK and the $19bn Mississippi Public Employees Retirement System are taking on US media giant Viacom in a class action law suit regarding excessive executive compensation, Global Pensions can...

EUROPE - A single European market would see pension funds posting higher returns and thus result in more savings and better pensions, said European commissioner Charlie McCreevy.

NIGERIA - The Nigerian government has set aside as much as NGN80bn (US$6.2bn) for its pension system as part of its 2007 budget proposals.

EUROPE - The European Commission (EC) has sent letters of formal notice to the Czech Republic, Hungary and Poland for failing to properly transpose a pensions directive on the supervision of institutions for occupational retirement provision.

EUROPE - European Exchange Traded Fund (ETF) managers can effectively compete against their US counterparts in the niche markets, although they would struggle in some of the more mainstream ones.

GLOBAL - Pension funds run the risk of creating a "vicious circle" of demand for bonds, stated the Organisation of Economic Co-operation and Development (OECD).

UK - British Airways has agreed to increase the £500m lump sum pension payment and improve annual contributions in a bid to resolve the ongoing pensions dispute with staff.

NETHERLANDS - PME has gone from worst performer among the Dutch pension fund giants in Q2 to beating both PGGM and ABP to top spot in the third quarter.

AUSTRALIA - The Australian superannuation industry has expressed outrage over an upcoming parliamentary inquiry that will examine the structure and operations of the industry.

GLOBAL - Pension funds' attitudes as to who should intermediate their investment advice have fragmented, with funds showing a strong bias towards independent consultants according to a Global Pensions survey. The Global Pensions 100 Panel was asked which...