News

IRELAND - Irish pension funds were down 2.2% in March as the strengthening euro took its toll on equity investments, said Aon Hewitt.

US - J.P. Morgan Worldwide Securities Services has been selected by the Maine Public Employees Retirement System (MainePERS) to provide custody and securities services for the State's $10.5bn in assets.

UK - More than one in ten large UK schemes has suffered fraud over the past two years, with member transactions the most vulnerable area for fraudulent activities, research suggests.

EUROPE - Park Square Capital has raised €850m ($1.2bn), primarily from institutional investors including pension funds, for its mezzanine fund PSC Fund II, the firm said.

Park Square Capital has raised €850m (£742m), primarily from institutional investors including pension funds, for its mezzanine fund PSC Fund II, the firm says

Simpler pension set at £140 a week; Millions of workers to pay higher National Insurance to pay for pensions overhaul

SWITZERLAND - The 30 largest listed Swiss companies have increased their pension scheme funding levels up to 88%, but are still far short of the fully-funded status they enjoyed before the financial crisis, research from Towers Watson shows.

More than one in ten large UK schemes has suffered fraud over the past two years, with member transactions the most vulnerable area for fraudulent activities, research suggests.

GLOBAL - Emerging market debt remains attractive in comparison to G7 government bonds despite inflationary concerns and unrest in the Middle East, Aberdeen Asset Management believes.

US - The New York State Common Retirement Fund (CRF) has terminated Insight Capital Research & Management from a $21m domestic equity portfolio, the pension fund said.