News

Millions wiped from workers' pensions; Quango bosses double their pay

JAPAN - Japan's public pension fund scraped a small return on its investments in the second quarter after its assets fell by $33bn, its latest report shows.

AllenbridgeEpic Investment Advisers has boosted its real estate team in response to increased client appetite for property with the appointment of a second sector specialist.

GIC; Neuberger Berman; PIMCO Australia; Mirae Asset Global Investments Group; AustralianSuper; SL Investment Management; FRTIB; FINANCIAL; EFRP; Mercer; Deutsche Asset Management

The UK Sustainable Finance and Investment Association will call on employers to help their pension funds support the UK Stewardship Code at the launch of its biennial pensions report.

The number of workers planning to retire between the ages of 66 and 70 has doubled to one-in-ten since last year, research shows.

Mercer has expanded its Scottish consulting team with a new partner in its retirement, risk and finance business.

Pension schemes are looking to increase allocations to private equity but demand greater transparency, reporting and risk management from providers, a report suggests.

Trustees of the ITB closed pension fund have entered into a £152.7m buy-in agreement with Pension Insurance Corporation covering 1,662 members.

Wood Mackenzie has overhauled its flexible benefits package and switched providers to Bluefin.