News

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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The Pensions Management Institute has overhauled its Pensions Administration Qualifications to make them more flexible and up-to-date.

SEI has bolstered its fiduciary management capabilities with the three senior appointments in its liability-driven investing, corporate finance and risk management teams.

AUSTRALIA - The Labour Union Co-operative Retirement Fund (LUCRF) Super has appointed Aviva Investors to run a A$51.5m absolute return fixed income mandate.

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

Andrew Tully has left his position as Standard Life senior pensions policy manager to join MGM Advantage.

CHILE - Chilean pension funds reported $145bn in assets at the end of February, though most took a hit for the month because of low equity returns.