News

US - The California State Teachers' Retirement System (CalSTRS) and other investors have been awarded a multi-million dollar securities fraud judgment against the former chief executive officer of Homestore.com.

PIMCO has soft-launched its Select UK Income Bond fund with its largest allocation to asset-backed and mortgage-backed securities.

Male pensioners ‘could be £340 worse off a year' under EU ruling; Male pensioners to lose out if European court backs insurance gender equality

Proposals to allow early access to pensions will create a "bureaucratic nightmare" and should be shelved, industry groups say.

The impact of the European Court of Justice decision on gender pricing of annuities will be insignificant compared to the effect of the "dysfunctional" Open Market Option system, an industry body warns.

Allowing early access to pension funds in some cases could place pensioners' beneficiaries at risk of a 55% tax charge, AJ Bell warns.

Mervyn King received a £1.4m pension top-up after signing on for a second five year term as Governor of the Bank of England in 2008, so he could secure his retirement earlier than usual.

Scotland's pension schemes could be inflating deficits due to the use of UK-wide life expectancy estimates that are higher than the Scottish average, Pension Insurance Corporation warns.

Syntrus Achmea; Texas Municipal Retirement System; SRL Global; BNP Paribas Investment Partners; ING Investment Management; Mercer; TAN-EU Capital; Pictet Asset Management

CANADA - Caisse de Depot et Placement du Quebec, Canada's biggest pension-fund manager, posted a 14% return on investment last year as it recorded gains in private equity, infrastructure, stocks and fixed income amid a rebound in global markets.