News

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven.

Interest rate hedging jumped 24% in Q2 this year after falls in short-term interest rates and the rising cost of asset swapped index-linked gilts, F&C research shows.

UK - Lothian Pension Fund is tendering for new global equity managers following the appointment of Invesco Perpetual and Baillie Gifford to run its separate Pan Asia Pacific equity mandates.

As front page headlines warn of a pensions catastrophe, trustees need to stay calm and make sure they don't "feed the frenzy", scheme communications experts urge.

UK - M&G, the asset management arm of insurer Prudential, saw profits rise 39% in the first half of 2011 despite a sharp decline in inflows.

Bookmaker William Hill has halved its £30m defined benefit deficit since the start of the year after ceasing future accrual in March, its interim results reveal.

AUSTRALIA - The A$2.4bn (US$2.5bn)StatewideSuper and A$1.7bn Local Super have argreed to merge, creating one of the largest superannuation funds in South Australia.

US - The San Diego County Employees Retirement Association (SDCER) said it will not appeal a court order to release the names and benefit amounts for retired county employees who receive more than $100,000 a year in pension benefits.

Government minister David Willetts has been confirmed as the speaker at the Society of Pension Consultants annual dinner in November.

GLOBAL - Markets across the globe have fallen further this morning after a rout on major indices yesterday sparked fears of another recession.