News

VENEZUELA - Petroleos de Venezuela will cover losses suffered by the company's pension fund when it invested in an alleged Ponzi scheme in the US, Oil Minister Rafael Ramirez said.

UK - Trustees remain wary of making allocations to emerging market debt despite recognising its diversification potential, an Aberdeen Asset Management survey shows.

Soft drinks company A G Barr's pension schemes have turned their £5.9m deficit into a £2.1m surplus under IAS19 over the last year.

UK - IT firm Damovo has appointed Goddard Perry Consulting (GPC) to launch and service its new Group Personal Pension (GPP) plan.

Trustees remain wary of making allocations to emerging market debt despite recognising its diversification potential, an Aberdeen Asset Management survey shows.

Some defined benefit scheme members face a tax hit of thousands of pounds if they receive a pay increase after 5 April, a lawyer warns.

UK - Henderson Global Investors has launched a defined contribution (DC) version of its Diversified Growth fund.

US - New York City comptroller John Liu has announced plans to provide the public with unparalleled access to information about the $113bn New York City pension funds.

Trustees of smaller defined benefit schemes are spending too much time debating manager selection and not enough time considering asset allocation, consultants say.

Henderson Global Investors has launched a defined contribution version of its diversified growth fund to grab a slice of the growing DC pension fund market.