News

The switch from RPI to CPI for pension indexation moved one step further in the legislative process yesterday after it was approved in the House of Lords.

CANADA - The Caisse de dépôt et placement du Québec has invested an additional C$800m ($813m) in Quebec-based companies and restructured its benchmark to give a greater weighting to local firms.

US - The Fresno County Employees Retirement Association has approved a new asset mix which increases allocations to international large-cap equities, emerging markets equities, TIPS and commodities.

NETHERLANDS - Stichting Pensioenfonds ABP, the largest Dutch pension fund, said its coverage ratio reached 109% at the end of February.

PERU - AFP Integra SA, manager of Peru's second-largest private pension fund, plans to increase investment in smaller mining companies as well as the consumer goods industry as growth in returns from Peruvian stocks slows.

JAPAN - Nomura predicts the devastating earthquake and tsunami in Japan will cut between 0.5% and 1% off the country's GDP next quarter.

UK - The Department for Work and Pensions must avoid the "bear trap" of setting rigid rules to govern default funds, AllianceBernstein warns.

Nomura predicts the devastating earthquake and tsunami in Japan will cut between 0.5% and 1% off the country's GDP next quarter.

Judges set for trial of strength over plan to make them put more into pension pot; DC pension savers head for poverty; Canadians get creative with infrastructure acquisitions; Trustees strive to assess the fiduciary managers; Trustees strive to assess...

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