News

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.

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.