News

The £4bn Merseyside Pension Fund has made an infrastructure allocation to AMP Capital's Strategic Infrastructure Trust of Europe.

ASIA - ING Investment Management Asia's CIO believes the yuan will become a reserve currency within the next two years driven by the ongoing debt problems in Europe and the US.

CANADA - The Ontario Municipal Employees Retirement System (OMERS) has acquired a 7.4 acre multi-purpose site in Toronto including a conference hall, office space, hotel and parking.

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.

Headlam has halved its defined benefit deficit through a combination of an enhanced transfer value exercise for deferred members and additional contributions.

US - The Ohio Public Employees Retirement System (OPERS) has appointed Karen Carraher executive director of the $76bn scheme.

GLOBAL - America's index of leading stocks closed lower last night, amid a global sell-off sparked by another round of weak economic data and increased fear about the eurozone debt crisis, while the FTSE 100 dropped sharply on opening today.

US - The California State Teachers' Retirement System (CalSTRS) has been labelled as "high risk" and is expected to run out of money in the next 30 years, a new state auditor report claims.

The conclusion of HM Revenue & Customs' consultation on tax-relief for asset-backed contributions will bring welcome clarity and make such arrangements accessible for smaller schemes, says PwC.

The e-petition calling for pension indexation to be returned to the Retail Prices Index has attracted almost 12,000 signatures - up from about 400 nine days ago.