News

MPs are set to undergo the same pensions reform as the wider public sector and have a new scheme imposed on them by 2015, it was announced yesterday.

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.

The Pensions Regulator (TPR) said it will monitor "suspiciously high" opt-out rates under auto-enrolment after MPs suggested some employers may force workers to leave the scheme.

US - Assets at the New York State Common Retirement Fund have hit $146.5bn, surpassing 2008 levels, state comptroller Thomas DiNapoli said today.

US - Russell Investments has landed a $640m mandate from the Alaska Permanent Fund for its Russell Fundamental Developed Large Company Index, the first mandate win for the firm in its new suite of fundamental indices.

UK - The former trustees of the BA Airways Pension Scheme have vowed to take the scheme to court over its controversial move to stop paying pensions in-line with RPI inflation.

EUROPE - Providers of European ETFs can double their funds' stated management fees through ancillary activities such as securities lending, other enhancements and trading activities, says a new research report from Deutsche Bank.

CHINA - Li Keping, vice chairman for the National Council for Social Security Fund, will leave the fund to join the China Investment Corporation as chief investment officer.

The Association of Member Nominated Trustees is set to launch an investigation into how smaller schemes can team up to pool assets in a bid to drive down investment management fees.

Many within the industry want the government to hold fire on proposals forcing schemes to make adjustments to benefits to compensate for the effects of unequal GMPs - what's your view?