News

The Treasury's "reference scheme" is being used as the basis on which a new public sector pension scheme will be designed. We look at what has changed.

Here it is. Chief secretary to the Treasury Danny Alexander's speech to the House of Commons regarding enhancements to public sector pensions reform proposals.

GLOBAL - Hedge funds might capture news headlines when they lose money as a result of financial crimes and misdemeanours, but pensions are stung more often partly due to their more regular investing patterns, according to a securities litigation lawyer...

Auto-enrolment will force small employers to reduce benefits and potentially freeze recruitment to meet rising pension costs.

The £2.4bn Derbyshire County Council Pension Fund is set to review the number of additional voluntary contribution providers it uses in a bid to boost investment fund choice for members.

The government has offered unions an improved accrual rate of 1/60th and more protection for workers approaching retirement in a concession on public sector pension changes.

DUBAI - Principal Global Investors has opened a new office in Dubai in an effort to expand its institutional business in the Middle East and has appointed Wassim Nasrallah as managing director and head of the region.

UK - NOW: Pensions, the multi-employer scheme set up by Danish pension scheme ATP to rival the National Employment Savings Trust, has unveiled details of its product offering.

CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC.

US/NETHERLANDS - CB Richard Ellis (CBRE) has completed the acquisition of ING Real Estate Investment Management (ING REIM) Europe, marking the final stage of CBRE's absorption of ING's real estate business.