News

US - California State Teachers' Retirement System (CalSTRS) administrator Julia Durand, has been elected president of the National Association of Government Defined Contribution Administers (NAGDCA).

UK/US - Cairn Capital is to launch a Subordinated Financials fund with £39m ($60m) seed capital from the Stanhope Pension Trust and San Bernardino County Employees' Retirement Association.

GLOBAL - Emerging economies would face a systemic crisis if foreign investors, who own one-third of EM local currency debt markets, begin to pull out their cash, fund managers have warned.

UK - Advisers have welcomed plans to introduce a compulsory code of practice for insurers which is designed to encourage consumers to shop around for an appropriate annuity when they approach retirement.

AUSTRALIA/EUROPE - The head of Australia's sovereign wealth fund has launched a harsh attack on eurozone's political class, saying the bloc's debt crisis stemmed from "a failure of government to understand the nature of financial markets and to stop the...

UK - Schemes with liability- driven investment strategies could shave one-third off their Pension Protection Fund levy payments by doing a "bespoke" analysis of investment risk, LCP says.

GLOBAL: UN Joint Staff Pension Fund; Fidelity; SGSS;F&C; Alliance Bernstein; PBGC; BlackRock; Wurts & Associates; Kas Bank

Schemes with liability- driven investment strategies could shave one-third off their Pension Protection Fund levy payments by doing a "bespoke" analysis of investment risk, LCP says.

DC pension members suffer steep losses; Time to bring on the super trusts; Pensions reforms ‘are confusing public sector staff'; Pension funds urged to invest in infrastructure; Housing finds no shelter with UK pension funds; Nursing union to decide on...

Advisers have welcomed plans to introduce a compulsory code of practice for insurers which is designed to encourage consumers to shop around for an appropriate annuity when they approach retirement.