News

AUSTRALIA - The A$71.8bn Future Fund has named Mark Burgess its new general manager.

US - New Jersey's pension funds have gained 15% this fiscal year as stocks rose, according to a report presented to the State Investment Council.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

EUROPE - European leaders have agreed on a revised bailout package, creating a permanent fund to resolve the debt crisis in the eurozone.

Pensioners betrayed by the Chancellor; State pension age rises to 70 for anyone under 30; Budget has failed frozen-out pensioners, says expat

UK - NEST has today unveiled its investment strategy and published its first statement of investment principles.

NEST has today unveiled its investment strategy and published its first statement of investment principles.

EUROPE - Hedge fund guru George Soros has argued the European Financial Stability Facility (EFSF) must take control of Europe's banking system if it is to solve the sovereign debt crisis without causing another banking collapse.

US - The SEC has approved a request by the New York City Pension Funds to hold a shareholder vote asking Bank of America and Citigroup to review their foreclosure and mortgage practices.

The Kingfisher Group wiped £140m off its defined benefit schemes' combined deficit last year, due to asset returns and changes to discount rate and mortality assumptions.