News

CANADA - Quebec has become the first Canadian province to introduce a new pension programme for workers who don't have their own retirement savings.

UK - Strong de-risking demand from UK pension funds drove a 36% increase in Legal & General Asset Management's liability driven investment funds last year, results show.

POLAND - Polish lawmakers have begun debating pension changes proposed by the government that are opposed by almost half of the country's voters before elections expected within seven months.

US - Two government reports released yesterday found employers offering 401(k) plans have little understanding of securities lending activities within their defined contribution plans.

AUSTRALIA - Russell Investments has launched a new exchange-traded-fund (ETF), which specifically targets Australian institutional investors.

The Organisation for Economic Co-operation and Development today recommends the UK government further increases the state pension age to combat rising costs.

Edinburgh university lecturers strike over pensions

Strong de-risking demand from UK pension funds drove a 36% increase in Legal & General Asset Management's liability driven investment funds last year, results show.

US - The California Public Employees' Retirement System (CalPERS) has endorsed proposals to prohibit Board members and officers from accepting employment with business partners after leaving the fund.

GLOBAL - The number of public pension systems investing in hedge funds has grown by 50% over the past four years, research by Preqin shows.