News

IRELAND - Irish pension funds fell in value in September due to the performance of global equity markets, research by Aon Hewitt shows.

Barnett Waddingham has been chosen by investment bank UBS to provide administration and actuarial oversight services for its longevity swaps service.

Cabinet Office minister and paymaster general Francis Maude yesterday claimed unions have no appetite for industrial action over pension reforms.

EUROPE - Europe's cental bank and even the IMF should share in the haircuts on Greek debt that seem increasingly inevitable for private bondholders,UK asset manager Schroders claims.

GLOBAL - Pension funds and other institutional investors are favouring one-year investment strategies as they attempt to limit their risk exposure, research by MSCI suggests.

UK - Pension deficits have dropped to just over £300bn ($464bn) as a fall in the price inflation outlook shaved £50bn off scheme liabilities in a month, according to Xafinity.

GLOBAL - JLT Investment Solutions, New Mexico Public Employees Retirement Association Board, AXA Investment Managers, BlackRock, Teachers' Retirement System of the State of Illinois, F&C Investments, RPMI, Oddo Asset Management

EUROPE - Northill Capital has launched a new European credit asset management company, Goldbridge Capital Partners.

The government has delivered on its promise to support pensioners and laid the ground for further reforms, Iain Duncan Smith claims.

The country's biggest firms have increased their pensioner longevity assumptions for the fifth year running in a move which has added about 1% to scheme liabilities, Mercer says.