The Treasury should ditch plans to use GDP expectations to set public sector pension discount rates because it "fundamentally misrepresents" pension economics, leading figures say.
UK - The £1.3bn ($2bn) Lancashire County Council Pension Fund is to increase the power of its investment panel in a bid to reach full funding.
Corporate pension inflows lift Standard Life; DIY pensions and dividends save the day at Standard Life
Former Airways Pension Scheme trustee Cliff Pocock believed it was so unlikely RPI indexation would ever be reinstated he quit his post rather than remain on the board.
The £1.3bn Lancashire County Council Pension Fund is to increase the power of its investment panel in a bid to reach full funding.
The Pensions Bill has moved to the House of Commons with one additional amendment - to strengthen the regulatory framework of the alternative certification model.
Standard Life increased its corporate pensions business net inflows by 85% in Q1, compared to the previous year, results show.
US - The California Public Employees' Retirement System has placed $400m with three managers as part of its manager development programme and will take an equity stake in two of the firms.
DENMARK - ATP's investments brought in DKK6.7bn ($1.3bn) , or 1.7%, in the first quarter, with much of the performance driven by rising oil prices and expected rises in inflation.
More than two-thirds of scheme managers believe the scrapping of contracting-out for defined benefit schemes will lead to further closures to new or existing members.