News

EUROPE - The European Fund and Asset Management Association (EFAMA) has unveiled new codes of conduct on responsible investing and corporate governance.

UK - CB Richard Ellis Investors has launched a property fund specifically designed for defined contribution pension scheme investors.

Peter Hargreaves and Stephen Lansdown are now among the UK's 100 wealthiest people, according to the Sunday Times Rich List 2011.

AUSTRALIA - The top 30 superannuation funds have posted an average rolling 12-month return of 5% for the 12 months to the end of March, latest figures show.

NETHERLANDS - AXA Investment Managers (AXA IM) has won a €2.2bn ($3.1bn) fiduciary mandate by Ahold Pensioenfonds, the Dutch pension fund of retailer Ahold.

IRELAND - The government plans to reveal details of a new pension tax next week to reap savings of about €2bn ($3bn), in a move the Irish Association of Pension Funds calls an "attack" on savings.

SWEDEN - Sweden's government has confirmed it will not seek to change the law to stop mass fund switching within the Premium Pension system (PPM).

UK - Switching pension uprating to Consumer Prices Index is the biggest "raid" on pensions since the change to scheme corporation tax arrangements in 1997, a trade union says.

US - Master trusts returned 3.55% over the first three months of the year, marking the third consecutive quarterly increase, latest figures show.

Pensions Regulator stages education drive; Will Australian businesswoman support frozen pensions campaign?