News

US - Defence contractor Lockheed Martin warned 2012 profits could be hurt by unexpectedly high pension costs.

US - Bank of New York Mellon is on the receiving end of yet another lawsuit surrounding its foreign currency exchange practices, this time for allegedly marking up trades executed on behalf of the Massachusetts Pension Reserves Investment Management Board...

DENMARK - Danish pension fund ATP returned 4.2%, or DKK15.7bn ($3bn), in the first three quarters of the year, bringing total assets under management to DKK554bn.

EUROPE - Finance practitioners generally echoed the welcome markets gave to details of the latest, expanded eurozone rescue deal, but said the "eye of the storm" will now move to focus on Italy and its beleaguered ruling coalition.

UK - The National Employment Saving Trust is set to develop its own internal market to switch equities and bonds between members' funds, its head of investment policy says.

Active membership of occupational schemes has fallen to its lowest level in almost 60 years, according to the Office for National Statistics.

Small firms 'should not have to provide pensions'; Public sector pensions 'still at advantage after reforms'; Union tells own staff to pay in more for pensions; Teachers lobby MPs over pension changes; Pension contributions set for change; Frozen pension...

Investment managers are failing in their duty to investors and are not fulfilling their obligation to invest responsibly, according to a survey.

Institutional investors with more than $20trn (£12.7bn) in assets are urging global policy makers to create strategies that encourage private sector investment in climate change solutions.

The National Employment Saving Trust is set to develop its own internal market to switch equities and bonds between members' funds, its head of investment policy says.