News

University staff will stage a national strike today over plans to change final salary arrangements for the Universities Superannuation Scheme to career average.

NETHERLANDS - Dutch pension fund manager PGGM has appointed Eloy Lindeijer as its new chief investment officer.

Gartmore shareholders have voted overwhelmingly in favour of the group's takeover by Henderson Global Investors, with almost 99% of voters approving the proposals.

SLOVENIA - Slovenia needs to "urgently" overhaul its pension system to prevent an increase in borrowing costs and help maintain long-term fiscal stability, the International Monetary Fund said.

UK - The pension scheme risk transfer market is set to grow a further £20bn ($32bn) over the next 18 months, Hymans Robertson figures predict.

Russell Investments has seen assets under management at its EMEA fiduciary management business reach £7bn ($11.3bn), with £1bn of new business coming in over the last 12 months.

GLOBAL - Pension funds and other institutional investors believe Greece and other troubled European countries will be forced to restructure or default on their debt within the next three years, research suggests.

Mesirow, Threadneedle, Schroders, Mercer, SSgA, Russell, Uganda NSSF

People in the West Midlands have the most pessimistic view of pension saving in the country, with more than 60% believing they will be poor in retirement, a survey reveals.

Hornbuckle Mitchell has been ordered to pay compensation to the estate of a client after its poor service caused a terminally ill man "distress and inconvenience".