News

Pensions minister Steve Webb will face a barrage of questions on pension changes next week as MPs return to parliament.

Bad investment selection in the pensions market is still a "significant concern" placing customers at unnecessary risk, the Financial Services Authority warns.

US - The Securities and Exchange Commission is understood to be investigating whether the state of California violated securities laws by failing to disclose the risks attached to the California Public Employees Retirement System (CalPERS).

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 four days.

US - The $33.2bn Illinois Teachers' Retirement System (TRS) has appointed Richard Ingram as executive director.

MEXICO - Government-regulated pension funds, the nation's biggest institutional investors, reported 1.38trn pesos($113bn) under management in December, figures show.

CZECH REPUBLIC - Czech Prime Minister Petr Necas said his coalition government will find a compromise on overhauling the pension system within two months that strengthens private savings for retirement.

Chancellor warned on public-sector pensions cap

Employers are being warned there are only 90 days left before changes to pensions taxation are implemented on 6 April.

EUROPE - Pension funds will suffer "significant capital losses" if they continue to invest in sovereign bonds over equities, a leading fund manager says.