News

GLOBAL - Northern Trust has published its first corporate social responsibility (CSR) report, outlining its actions in 2010 and targets for 2011.

Funding deficits have become the biggest risk factor worrying trustees and sponsors of defined benefit schemes over the past year, according to a study.

FRANCE - The Fonds de reserve pour les retraites said it is 143% funded, more than enough needed to fund its liabilities through to 2024 as mandated by the government.

The pensions deficit for the UK's largest companies remained stable in May, but major changes to accounting standards could increase shortfalls by £10bn, Aon Hewitt warns.

AUSTRALIA/CANADA - The Canada Pension Plan Investment Board has bought a 50% stake in an Australian shopping centre for A$455m ($488m).

New York Life Investments has launched the Guaranteed Interest Pension Account (GPA) to help corporate plans better manage their near-term liabilities.

The Pensions Archive Trust has appointed Katy Johnson as its archivist.

US - The California Public Employees' Retirement System (CalPERS) has appointed Réal Desrochers as senior investment officer for its private equity programme.

The Treasury has proposed to remove tax relief on compensation payments for pension mis-selling.

UK - The standard of governance within the hedge fund industry is exposing schemes to high risks and needs significant improvements, the £30bn ($49bn) Universities Superannuation Scheme says.