News

US - Acadian Asset Management has named Ronald Frashure chairman and Churchill Franklin, chief executive, after a restructure of the firm's top ranks.

US - The Oklahoma Teachers Retirement System (OTRS) has revealed a $3bn reduction in its unfunded liability thanks to strong investment performance and new state pension reforms.

ICI Pension Fund has appointed Eileen Haughey as its new chief executive.

The default retirement age will be scrapped tomorrow meaning employers will no longer be able to force people to stop working when they reach retirement age.

RM education is in discussions with trustees of its defined benefit pension plan to close the scheme to future accrual.

Global - Half of the Global Pensions 100 Panel believe the Securities and Exchange Commission should issue new regulations on proxy access after its original rules on the matter were overturned in the courts.

Global - Three quarters of the Global Pensions 100 Panel believe the eurozone will remain unchanged over the next 12 months.

EUROPE - European Union pension policy could cripple British firms and stall economic recovery if schemes are forced into Solvency II capital requirements, employers warn.

AUSTRALIA - The Australian Prudential Regulatory Authority is seeking feedback on proposals to strengthen corporate governance at super funds by requiring them to hold more capital, conduct stronger due diligence on external managers and improve risk...

UK - The use of transition management within the defined contribution is set to grow as the move away from defined benefit provision continues, delegates at the Global Pensions Transition Management Forum heard.