News

Some of the country's largest firms are ignoring the threat of increased member longevity and have failed to increase their assumptions, analysis of accounts reveals.

The Environment Agency Pension Fund and six local government pension schemes have cut their consultancy costs through an innovative collective procurement process.

Royal London Asset Management has appointed Grant Hadland as head of consultant relationships in its institutional business development team.

Sackers has hired two new solicitors to its expanding team of pensions lawyers.

NEST has signed up to the United Nations Principles for Responsible Investing in a bid to boost long term investing and good corporate governance.

US - California governor Edmund Brown yesterday introduced a raft of state pension reforms that could introduce a hybrid scheme for new employees, increases the retirement age for new hires and increases pension contributions for all employees, among...

AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.

NORWAY - The Government Pension Fund Global returned -8.8% or -NOK284bn ($52bn) due to stumbling global stock markets, third quarter results show.

UK - Pension fund property manager Legal & General Property has restructured its senior management team by appointing a new director to oversee its range of funds.

UK - British defence firm BAE Systems' pension scheme deficit is creating "negative sentiment" among investors, lowering the target price for stock in the firm, banking analysts say.