News

Assets in the pension funds of OECD countries reached $19.13trn at the end of 2010, up from $19.07trn (£11.65trn) at the end of 2007, an OECD report shows.

US - Senior officials at ten pension funds have written a letter urging President Barack Obama and congress to act quickly to raise the debt ceiling and address the budget deficit or face dire consequences.

The Hampshire Pension Fund has appointed Prudential as its additional voluntary contribution provider.

UK - European default on sovereign debt could cause a 45% spike in defined benefit pension scheme deficits, costing sponsors an extra £190bn ($310bn), pension risk experts warn.

US - Institutional investors are bemoaning a US Court of Appeals decision to overturn the Security and Exchange Commission's proxy-access rule, which would have allowed investors to nominate their own candidates for company boards.

GLOBAL - Assets in the pension funds of OECD countries reached $19.13trn at the end of 2010, up from $19.07trn at the end of 2007, a new OECD report shows.

Principal Global Investors; Russell Investments; BlackRock; Societe Generale Securities Services; Threadneedle; Pyramis Global Advisors

UK - Scheme buy-ins reached a record £3bn ($5bn) during the past year but the current low cost "window of opportunity" to transact may be lost when Solvency II kicks in, KPMG said.

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Defined benefit assets managed under a liability-driven mandate surged last year, as traditional mandates plateau with pension investors, a key study shows.