News

Pensions minister Steve Webb has delayed the second reading of the Pensions Bill.

AUSTRALIA - the Australian Securities and Investment Commission (ASIC) has written to superannuation trustees to remind them of the disclosure requirements associated with undertaking mergers and consolidations.

US - Treasury secretary Timothy Geithner said yesterday he suspended investments into two federal pension funds and plans to redeem billions in assets since the US has bumped up against its $14trn debt ceiling.

US - The California Public Employees' Retirement System said it plans to divest from eight companies with ties to Sudan and Iran, removing all investment ties to the troubled countries.

UK - Procurement of investment and actuarial services for local government schemes could be pushed into regional and national frameworks in a bid to harness efficiency savings, the government says.

Procurement of investment and actuarial services for local government schemes could be pushed into regional and national frameworks in a bid to harness efficiency savings, the government says.

Hundreds of pensioners are expected to meet their MPs in a mass lobby organised by AgeUK to protest about the accelerated equalisation of the state pension age.

UK - Standard Life's former managing director of corporate, Gerry O'Neill, has been suspended from his role at the firm.

Manager search activity increased in 2010 with emerging markets and alternative asset classes receiving most interest, research by Mercer reveals.

AUSTRALIA - Simple, low-cost financial advice should be incorporated into the MySuper default fund structure offered by superannuation funds to increase members' engagement with their pensions, according to Mercer.