News

Hermes Fund Mangers explains how the general move towards de-risking, the increased reliance on risk models and the increasing love of complex investment strategies may actually be some of the biggest risks facing schemes today.

The £1.7m Tayside Superannuation Fund has appointed Prudential as its second additional voluntary contribution provider after a review of current provision.

ECUADOR - Ecuador's public pension fund, the nation's biggest institutional investor, will limit purchases of government debt to about 30% of the $1bn set aside this year as rising oil prices trim the country's budget gap.

AUSTRALIA - The Self-Managed Super Fund Professionals' Association of Australia (SPAA) has appointed former director Andrew Hamilton as vice chairman.

US - BlackRock will join the ranks of the 500 largest companies in the US and be added to the S&P500 index.

CANADA - Opposition Liberal Party Leader Michael Ignatieff has proposed a "gradual expansion" of the Canada Pension Plan (CPP) and pledged an extra C$700m ($720m) in annual payments to older people on low incomes.

A basic state pension of £140 per week would be a genuine step forward, a former chairman of the National Association of Pension Funds and long-term campaigner says.

BlackRock is preparing to expand its equity income fund range with the launch of onshore global, European, and resources offerings.

The National Employment Savings Trust will act as a benchmark for UK pension funds on responsible investment practices, industry experts say

Major changes to workplace pension provision due in the UK over the next two years are prompting schemes to overhaul their administration, Aon Hewitt says.