News

The Association of Member Nominated Trustees is set to hold its inaugural open meeting for members on 31 March.

A warning late yesterday from France's Edhec Risk Institute about the dangers of banning naked short selling of sovereign debt using credit default swaps was in vain, as the European Parliament voted to push through such a veto.

POLAND - Poland's government approved its plan to reduce transfers to private pension funds, a move that will trim the country's borrowing needs by about 190 billion zloty ($67bn) through 2020.

EUROPE - A warning late yesterday from France's Edhec Risk Institute about the dangers of banning naked short selling of sovereign debt using credit default swaps was in vain, as the European Parliament voted to push through such a veto.

Work and Pensions secretary Iain Duncan Smith has laid out plans for basic state pension reform in a bid to create a "state pensions system fit for a 21st century welfare system".

US - US state pension funds saw their funding levels improve by four percentage points in 2010 to 69% while asset growth outpaced a growth in liabilities, according to a survey by Wilshire Associates.

NORWAY - Bengt Enge, the investment chief at Norges Bank Investment Management (NBIM), has stepped down.

POLAND - Poland's plan to cut transfers to private pension funds, already delayed by a month, may not be in place until the second half of 2011, posing a threat to the fiscal-deficit goal, Citigroup'S Polish unit said.

GLOBAL - The hedge fund industry is expected to soar to $2.5trn by year-end on the back of strong returns and inflows, according to research published today by Deutsche Bank.

Professional Pensions has moved office and has a new address in the heart of London's Soho.