News

DENMARK - Industriens Pensionsforsikring, the Danish administrator for the labour market pension scheme, has hired State Street to provide analytics on its DKK5.5bn ($1bn) private equity portfolio.

Trustees of the Morris Ashby Limited Pension Scheme have completed a £38m buyout deal with Pension Insurance Corporation removing its liabilities from the Pension Protection Fund.

The BBC Pension Scheme deficit has risen from £1.1bn to £1.4bn over the past year, despite the fund exceeding expectation on its investment performance.

A bogus financial adviser who fraudulently manipulated his "clients'" pension funds to avoid paying tax of over £1.9m has been jailed at Hull Crown Court for three years.

US - Local unions have filed a lawsuit against New Jersey to overthrow a new law which requires employees to contribute more for their pension.

EUROPE: Mortality assumption calculations need a radical overhaul to give schemes and capital markets a better understanding of the factors that affect them, a report argues.

US - The Federal Retirement Thrift Investment Board plans to issue requests for proposals for managers to run its $150bn in external assets currently managed by BlackRock.

Birmingham City Council has disclosed a defined benefit scheme deficit of £1.4bn in its latest set of accounts.

Equities feel pain of pensions exposure; Pension fears threaten to derail sale of Comet

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.