News
Europe
EUROPE - Yves Mersch, governor of the Banque centrale du Luxembourg and member of the European Central Bank council has warned Europe's banks they would not be rescued a second time.
14 April 2011
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Defined Benefit
The Pension Protection Fund has updated its valuation assumption guidance for s179 and s143 valuations to better reflect pricing in the bulk annuity market.
14 April 2011
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US
US - Goldman Sachs misled clients and Congress about the firm's investments in securities tied to mortgages, a report by the US Senate has found.
14 April 2011
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Legislation
Prudential has won its High Court dispute with members of its pension scheme over changing the basis on which it granted discretionary increases to pensions in payment.
14 April 2011
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Asia
KAZAKHSTAN - BTA Bank is to merge two pension funds with a company managing pension assets to create the country's second largest retirement plan.
14 April 2011
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North America
US - President Barack Obama, in his speech unveiling $4trn in budget cuts yesterday, said he wanted to avoid drastic cuts to Social Security, but that the system needs reform to strengthen it over the long haul.
14 April 2011
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Investment
Brockton Capital has added Birmingham's The Mailbox retail complex to its portfolio for £127.1m.
14 April 2011
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Equities
Gearing equity mandates towards outperforming quarterly benchmarks could be undermining attempts to improve long-term investing, Aviva Investors says.
14 April 2011
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Risk Management
A liability-focused approach is the only way for schemes to manage risk effectively, BlackRock managing director John Dewey says.
14 April 2011
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Risk Management
Trustees must be prepared to take advantage of de-risking opportunities when they arise, delegates heard.
14 April 2011
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