News

CANADA/US - Canadian pension fund the Ontario Municipal Employees Retirement System (OMERS) is opening a New York office to access key private market investments in the US.

Labour has made a last attempt to stall the government's increase to the state pension age in the very last stages of the Pensions Bill.

Pension savers hit 55-year low amid warning of 'benefits timebomb'; Fewer pay into pension schemes; Squeezed workers opt out of pensions; Number paying into occupational pensions at 54-year low; Caution urged over fixed-term annuities; James Moore: Alliance...

Charter International has seen its UK pension deficit rise by almost 50% this year, in spite of gains from switching inflation measures.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

US - Defence contractor Lockheed Martin warned 2012 profits could be hurt by unexpectedly high pension costs.

US - Bank of New York Mellon is on the receiving end of yet another lawsuit surrounding its foreign currency exchange practices, this time for allegedly marking up trades executed on behalf of the Massachusetts Pension Reserves Investment Management Board...

DENMARK - Danish pension fund ATP returned 4.2%, or DKK15.7bn ($3bn), in the first three quarters of the year, bringing total assets under management to DKK554bn.

EUROPE - Finance practitioners generally echoed the welcome markets gave to details of the latest, expanded eurozone rescue deal, but said the "eye of the storm" will now move to focus on Italy and its beleaguered ruling coalition.

UK - The National Employment Saving Trust is set to develop its own internal market to switch equities and bonds between members' funds, its head of investment policy says.