News

Legal & General has reported an 87% drop in new bulk annuities business in the first quarter of this year.

Pension reform creates winners and losers; New Zealand QROPS providers draw up code of conduct; Nexar to acquire UK-based Ermitage

NEST Corporation has appointed chairmen for its employer and member panels.

The Pensions Regulator should encourage smaller employers to explore the defined contribution market to fulfil auto-enrolment duties rather than favour NEST, the Society of Pension Consultants says.

PORTUGAL - The country's €78bn ($116bn) bailout package will include cuts to higher pension payments, but left many other pension provisions in place.

Balanced pooled funds reported a positive but modest start to the year, statistics from BNY Mellon Asset Servicing show.

GLOBAL - PIMCO's Bill Gross has urged investors to look to emerging market debt as low rates and rising inflation present an immediate threat to portfolios and treasuries are set to be "overvalued for decades".

Friends Life has appointed David Still to the newly created position of director, retirement income in a bid to increase its presence in the annuities market.

GLOBAL - Institutional investors who gain their global equity exposure through hiring regional managers may be exposed to unintended risk, Hermes Global Equities Advisors warns.

AUSTRALIA - The demand for private sector involvement in infrastructure investments is increasing and expected to lead to greater availability of quality assets, Mercer Australia believes.