News

US - The New York State Teachers' Retirement System posted returns of 23.3% in the 12 months ended 30 June, the highest one-year return in 25 years.

Russell Investments, Aviva, Franklin Templeton, AXA IM, Pioneer

The ongoing turmoil in the markets has triggered a dramatic trebling of FTSE100 companies' pension deficits in the last week, according to Towers Watson research.

Retirement Angels founder Alan Higham has written an open letter to pensions minister Steve Webb demanding pension reform that pushes people towards advice.

UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.

Bulk annuity business was up fivefold in the second quarter of the year, but falling affordability pushed schemes towards buy-ins rather than buyouts, research shows.

Public sector pensions: facing some of the future; Inflation-linked bonds - why demand is strong; Union leaders 'hell-bent' on strike action, says Danny Alexander; Trust us, says the Isle of Man, we're the pension place; Europe's DC sector set to grow;...

Russell Investments has expanded its fiduciary management team with two senior appointments.

The Pension Protection Fund has published its annual report - revealing a surplus of £678m at 31 March.

Reform, not strikes, will fix our public sector pensions crisis; Pensioners to be spared benefits squeeze; Nurses vote to strike for first time in 30 years over pensions; What the European Central Bank's interest rate cut means for Britons