News

US - Ohio employees last week escaped a potential increase in contributions when a plan to shift 2% of contributions from employer to employee failed to make it into the state's biennial budget.

Mercer has become the latest consultant to revamp its Europe, Middle East and Africa offering with the appointment of Martine Ferland from rival firm Towers Watson.

AUSTRALIA - Superannuation growth funds have posted their second consecutive year of positive returns but have yet to fully recover from the global financial crisis, research by Chant West shows.

The introduction of employer duties is seen as the top barrier to sole traders taking on their first member of staff, a survey finds.

Towers Watson has combined its three investment research teams into one group in a bid to uncover new investment opportunities.

ABN AMRO UK Branch has appointed Bluefin to manage and administer its flexible benefits scheme and has boosted take up to 91% of staff.

UK - Towers Watson has combined its three investment research teams into one group in a bid to uncover new investment opportunities.

None of the Global Pensions 100 Panel has a climate change policy in place for hiring new managers.

More than three quarters of the Global Pensions 100 Panel have no intention of reducing their equity exposure as a result of recent changes to International Accounting Standards.

US/NETHERLANDS - Real estate investor CB Richard Ellis has acquired ING Clarion Real Estate Securities (CRES) in the first of a two-part, $940m deal that sees ING selling the bulk of its real estate investment management business.