News

Pension schemes should outsource investment implementation to third-party firms to stop trustees focusing too heavily on manager "beauty parades", a trustee says.

UK pension fund demand for inflation caps in the options market is so low experts say a "catalyst" is needed to level out the market.

The government's decision to revalue pensions by Consumer Prices Index inflation has led to a "scheme rules lottery" for private sector schemes, a lawyer warns.

Changes to IAS19 will have a "limited" effect on investor attitudes but are likely to accelerate investment de-risking strategies, consultants say.

US - The State Treasurer of Ohio has called on the attorney general to launch an investigation into whether members of the state's pension funds have been exploited by custodial banks conducting foreign currency exchanges.

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EUROPE - Institutional investors in Europe rank interest rate risk as their biggest concern over the next 12 months, research by Allianz Global Investors shows.

Financial secretary to the Treasury Mark Hoban has defended auto-enrolment after a senior pension adviser labeled it the next mis-selling scandal.

EUROPE - The Association of Consulting Actuaries has urged government to seek further legal certainty on guaranteed minimum pension equalisation because of the £10bn ($16bn) cost to employers.

Public sector unions are gearing up for a national strike on 30 June to protest against pension changes proposed by Lord Hutton.