CANADA - The United Food and Commercial Workers Pension Plan has hired RBC Dexia Investor Services as custodian for its multi-employer pension plan.
Fears over pensions loophole; Pensions dilemma in saving companies; BT off the hook until next year over £3.2bn pension deficit; BT investors hope for payout after pension cut
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 days.
AUSTRALIA - The A$36.1bn ($38.6bn)Victorian Funds Management Corporation (VFMC) has reported overall of 3.63% Q1 and an annual return of 8.43%.
UK - The Pensions Regulator has placed its review of the BT Pension Scheme funding valuation and recovery plan on hold.
US - The California Public Employees' Retirement System (CalPERS) is to implement environmental, social and governance (ESG) commitments developed with think-tank Ceres.
US - Old Mutual Asset Managers' head of fixed income Stewart Cowley has slammed the US for failing to rein in its growing budget deficit, warning it risks ingraining inflation in the nation's psyche.
EUROPE - The European Commission will extend capital requirements for pension schemes across Europe as early as 2016, industry sources say.
AUSTRALIA - The proposed tax incentives announced in this week's budget should enhance the appeal of infrastructure as an asset class, but structure and costs must remain the primary considerations for institutional investors, Towers Watson has warned....
US - Some 60% of all US corporate defined benefit plans are closed to new entrants, SEI found.