News

The government has reiterated it will not introduce legislation to override pension scheme indexation rules.

Unions gear up for autumn battle on pensions; Care home place costs double the average pensioner's income

UK - London hedge fund CQS is delaying planned soft closure for its flagship ABS portfolio to allow prospective pension scheme investors already conducting due diligence on the fund to complete their analysis.

AUSTRALIA - QIC is to close its implemented manager-of-managers Australian equities product and its directly managed large cap Australian equities products because of lack of demand.

AUSTRALIA - Low income workers will receive a boost to their superannuation savings from July 2012 by having their contributions tax refunded.

Investors should move out of BRIC equities and concentrate on the US and non-BRIC emerging markets, warned Neptune Investment Management investment director Chris Taylor.

Schemes are underestimating the risks they are exposed to by up to 20% by basing their assumptions on "normality" and limiting their definition of risk, J.P. Morgan Asset Management says.

Pension funds investing in hedge funds should target emerging managers and distressed markets, according Neuberger Berman Alternative Investment Management.

Even small schemes should consider hedging longevity risk, Aon Hewitt believes. Managing principal and head of risk settlement Bird warned trustees against being put off by the "perception of price".

Half of employers still do not know how much auto-enrolment will cost them in their first 12 months of compliance, JLT Benefit Solutions research shows.