News

UK - pension funds are failing to protect themselves adequately against the effects of a European debt and economic crisis, Cardano believes.

Lothian Pension Fund is tendering for new global equity managers following the appointment of Invesco Perpetual and Baillie Gifford to run its separate Pan Asia Pacific equity mandates.

UK - Councils have been given just six weeks to come up with a package of reforms to slash £900m ($1.5bn) from taxpayer contributions to the Local Government Pension Scheme.

Babel Media has overhauled its employee benefits package for UK staff and almost doubled pension scheme membership.

US - The aggregate deficit of S&P 1500 pension plans increased by $74bn in July, new figures from Mercer show.

Providers, advisers and life offices have written to the Treasury pressuring it to allow simpler transfers of assets between savings vehicles.

UK - Annuity rates could hit their lowest point for two years as the sovereign debt crises hits gilt yields, experts believe.

Girls born in UK this year have one-in-three chance of reaching 100; Girls now eight times more likely to live to 100 than 80 years ago; Munich Re upbeat after return to profit

Annuity rates could hit their lowest point for two years as the sovereign debt crises hits gilt yields.

CANADA/US - The Canada Pension Plan Investment Board has entered the US residential real-estate market with eight separate transactions worth more than $300m.