News

US - The country's two largest pension funds brought in record returns in for the year ended 30 June 2011 with CalSTRS returning 23.1% and CalPERS, 20.7%, though officials at both pointed to concerns about the US economy going forward.

UK - The UK Government has announced public sector pension negotiations will continue on ‘scheme by scheme' basis in the future.

The financial crisis significantly affected the saving behaviour of the National Employment Savings Trust's target market, with 46% making a change and 14% stopping contributions all together, according to research.

The government has laid out the pace of the 3.2 percentage point increase in employee contribution by phasing it in gradually over three years, Danny Alexander confirms.

Extending talks on public sector pension reforms will not stave off strike action if the government continues its current pathway to reform state worker pensions, the Trades Union Congress says.

The Treasury has set out the government's progress on public service pension reform - announcing consultations and plans for talks with unions. Here are the key points of today's announcement.

Heineken has closed its defined benefit scheme to future accrual and replaced it with a defined contribution arrangement.

The government has announced public sector pension negotiations will continue on ‘scheme by scheme' basis in the future.

RPMI has hired an administration specialist from Mercer to head up its third party administration business.

GLOBAL - Institutional investment managers showed a marked trend towards risk aversion in the second quarter of 2011 amid negative economic news, research by Northern Trust found.