News

US - The California Public Employees' Retirement System (CalPERS) has appointed fund executive Larry Jensen to the new role of chief risk officer.

The European Court of Justice ruling on sex discrimination is set to have a major impact on occupational schemes and could increase deficits, the industry warns.

UK - Benign markets and the shift from RPI to CPI reduced defined benefit deficits from £144bn ($234bn) to £64bn over the past year, Pension Capital Strategies research shows.

ASIA - Allianz Global Investors has signaled further expansion into Asia's pension market as a key medium-term objective.

Standard Life has announced computer giant IBM as the first client for its corporate wrap platform.

Benign markets and the shift from RPI to CPI reduced defined benefit deficits from £144bn to £64bn over the past year, Pension Capital Strategies research shows.

GLOBAL - Axa, Europe's second-biggest insurer, said its funds investing in catastrophe bonds and other insurance-linked securities may more than triple their assets in the next five years, helped by demand from pension managers.

rpmi has boosted its investment team and strengthened its client facing operation with three hires.

The Association of Consulting Actuaries supports early access but believes risk sharing schemes should be the government's priority.

CANADA - Ontario Municipal Employees Retirement System (OMERS) saw the value of its assets rise to $53.3bn in 2010, up from $47.8bn a year earlier.