News

The Association of Member Nominated Trustees has set up two working groups to develop proposals to defend DB funds and look at best practice for DC schemes.

AUSTRALIA - Seven financial services organisations have formed an alliance to support the Federal Government in the delivery of its SuperStream initiatives and to provide better service to their members.

The government has set out its intention to "transform pension saving" with the launch of a green paper consultation on a flat-rate state pension.

More than half of GP 100 Panel members believe they would get more transparency from their private equity manager if the firm was publicly traded.

The Pension Protection Fund says it is on target to become self sufficient by 2030 but the next 12 months will be a testing time.

US - The California Public Employees' Retirement System (CalPERS) is considering dropping Deutsche Bank subsidiary RREEF as manager of a $570m real estate portfolio in favour of Canyon Capital Realty Advisors.

UK - Pension scheme liabilities ‘held fast' at £1.4trn ($2.2trn) last month as market conditions remained relatively calm, figures from Xafinity Corporate Solutions show.

US - Pittsburgh had the outlook on its debt revised to negative from stable by Standard & Poor's, which cited rising financial pressures tied to the city's pension system.

DENMARK - Two of Denmark's largest pension funds have acquired 50% ownership of a major offshore wind farm.

Signatories to the United Nations Principals for Responsible Investment will now have to pay fees in order to participate.