News

UK - NEST has today unveiled its investment strategy and published its first statement of investment principles.

NEST has today unveiled its investment strategy and published its first statement of investment principles.

EUROPE - Hedge fund guru George Soros has argued the European Financial Stability Facility (EFSF) must take control of Europe's banking system if it is to solve the sovereign debt crisis without causing another banking collapse.

US - The SEC has approved a request by the New York City Pension Funds to hold a shareholder vote asking Bank of America and Citigroup to review their foreclosure and mortgage practices.

The Kingfisher Group wiped £140m off its defined benefit schemes' combined deficit last year, due to asset returns and changes to discount rate and mortality assumptions.

LV= Asset Management has appointed Ian Harvey to the newly-created position of head of institutional development as it looks to build its presence in the institutional market.

AUSTRALIA - AustralianSuper has appointed Jason Peasley to the newly created role of Head of Infrastructure as part of its plans to "significantly" increase its investment in the asset class.

Budget highlights; Govt mulls plans for flat-rate state pension; Constant quest to navigate a labyrinth; Regular rises in pension age put on agenda; Pensions: Simpler format marks a 'turning point' in benefit; Budget 2011: Pensioners angry about flat...

The £337m Next Group Pension Plan moved from a £49.5m deficit to a £55.7m surplus after overhauling membership data and securing a buy-in deal, results show.

INDIA - India's government has presented proposals in parliament that seek to give statutory power to the country's pension regulator, while omitting any mention of allowing foreign investment in the provision of old-age income.