News

Financial education beginning at school and ultimately spreading throughout the entire population would reinvigorate pensions and long-term saving, the Association of Consulting Actuaries believes.

Building company McCarthy & Stone has launched a corporate wrap for its employees with Hargreaves Lansdown.

Trade union Unison has declared ‘war' on the government over public sector pension changes, warning the coalition it was heading for industrial turmoil over its reforms.

Pension funds are increasingly worried about the potential impact of inflation shocks on their portfolios, research by Mercer shows.

EUROPE - European pension funds are increasingly worried about the potential impact of inflation shocks on their portfolios, research by Mercer shows.

US - The New York State Common Retirement Fund moved an international and domestic equity mandate to a global equity remit, according to the fund's February transaction report.

LATIN AMERICA - Assets in Latin American pension and mutual funds will hit $1.4trn over the next five years, with Chile emerging as the most attractive market for asset managers, a new report shows.

ARGENTINA - Argentina's pension agency named two directors to the board of Banco de Galicia y Buenos Aires SA and Banco Patagonia SA as part of the government's plan to exercise more voting power over companies in which it owns shares.

PERU - A Peruvian congressional committee approved a government proposal to increase the limit on private pension fund managers' investments overseas.

Pushing ahead with early access proposals would have risked greater dependency on the state pension and left schemes and providers in a "bureaucratic tangle", the National Association of Pension Funds says.