News

LITHUANIA - Lithuanian is to to raise the pension age to 65 in a bid to improve the country's finances.

Pension funds considering a move into the European property market should act with caution, Hatfield Philips International warns.

The Prime Minister has become embroiled in the row over raising the state pension age for women.

UK - State Street Global Advisors (SSgA), has appointed Bill Street as global head of fixed income alpha strategies.

Wincanton's pension scheme has reduced its equity holding after strong asset performance cut £60m from its deficit, triggering a de-risking exercise.

EUROPE - Pension funds considering a move into the European property market should act with caution, Hatfield Philips International (HPI) has warned.

AUSTRALIA - The CEO of the AU$5.8 (US$6.15bn) MTAA Super has hit back at media reports suggesting the fund lost A$500m during the global financial crisis because it removed hedges as the Australian dollar was plummeting against other currencies.

AUSTRALIA - Superannuation assets increased by 3.3% to A$1.36trn (US$1.44trn) in the first quarter of 2011, the Australian Prudential Regulatory Authority (APRA) said.

The £3.3bn Merchant Navy Officers Pension Fund has appointed Hymans Robertson as independent investment adviser to monitor and challenge the actions of its fiduciary manager, Towers Watson.

Private school teachers should be barred from the unfunded £250bn Teachers' Pension Scheme to significantly reduce pension risk associated with the fund, a consultant says.