News

The Commission on Funding of Care and Support today presented its findings to the government in its report Fairer Care Funding.

Some 73% of occupational pension trustees plan to reduce their allocation to equities over the next year, a Pension Corporation survey reveals.

Russell restructures EMEA; Towers Watson lures AonHewitt's Machon; SEC; Robeco; AustralianSuper; Standard Life Investments; Allianz Netherlands Asset Management; IMF

SOUTH KOREA - The National Pension Service is understood to be investing 250bn won ($234.3m) into a Korean-led consortium for its project to buy golfing equipment brand Titleist, according to reports.

Towers Watson has snagged John Machon from rival Aon Hewitt as the firm's head of business development for the retirement solutions business in Europe, Middle East and Africa.

Russell Investments has named a new chief executive and president in a major restructure of its EMEA management team.

GLOBAL - Asian property markets are spearheading the resurgence in rental values ahead of Western markets, while interconnected cities are best placed to perform globally, PRUPIM believes.

Focus switches to active fixed income; Reductions in equity exposure to continue

The Pensions Management Institute has appointed Susan Smith and Paul Couchman as vice presidents.

GREECE - Standard & Poor's has slashed Greece's long term credit rating from B to CCC, amid fears private sector debt proposals will amount to a default.