News

A lack of training and the amount of time required to carry out duties are the key deterrents to people becoming lay trustees, according to an independent trustee.

Inflation would slash pensioners' income by 60% over a 20-year retirement if they took fixed benefits today, Prudential analysis reveals.

Most large employers are still not properly prepared to meet the regulatory requirements of auto-enrolment, Standard Life research reveals.

US - The California Public Employees' Retirement System (CalPERS) has dismissed its lawsuit against Fitch Ratings but will maintain its action against fellow ratings agencies Moody's and Standard & Poor's.

UK - Trustees of the ITB closed pension fund have entered into a £152.7m ($248.7m) buy-in agreement with Pension Insurance Corporation covering 1,662 members.

US - Pimco bond fund manager Bill Gross has acknowledged he made a mistake in betting so heavily against US government bonds earlier this year.

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

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.