News

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?

National Express UK Bus division has agreed an improved recovery plan with trustees of its pension fund, in response to a soaring deficit.

Pensions minister Steve Webb has defended the green paper on simplifying the state pension, saying the proposals would provide better outcomes for women.

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.