Some seven out of ten employers are yet to begin preparations for employer duties despite them coming into play next year, latest research shows.
US - Former New York state comptroller Alan Hevesi is to be sentenced today for his role in a pay-to-play scandal while overseeing the $124.8bn New York State Common Retirement Fund.
Pension Insurance Corporation co-head of business origination David Collinson talks us through the latest Pension Risk Transfer Index.
EUROPE - Fauchier Partners, the institutional fund of hedge funds owned by BNP Paribas, has said the tripling of a withdrawal period on one product allows it to invest in a wider range of underlying managers.
US - Rhode Island's unfunded public pension liabilities for teachers and most state workers jumped about 27% after the board overseeing the retirement system voted to cut the presumed rate of return on assets.
Fauchier Partners, the institutional fund of hedge funds owned by BNP Paribas, has said the tripling of a withdrawal period on one product allows it to invest in a wider range of underlying managers.
The narrowing spread between yields on corporate bonds and gilts led to falling discount rates and soaring liabilities last year, JLT Pension Capital Strategies says.
EUROPE - Gearing equity mandates towards outperforming quarterly benchmarks could be undermining attempts to improve long-term investing, Aviva Investors says.
Actuary and consultant HamishWilson has strengthened its team with three hires.
Just 2% of retirees in the UK will have enough money to meet the government's new minimum income requirement and use flexible drawdown arrangements, research shows.