News

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

IRELAND/US - Northern Trust is to acquire the administration services of the Bank of Ireland Group, Bank of Ireland Securities Services (BOISS) for €60m ($82.8m).

HSBC Workplace Retirement Services has linked up with corporate adviser Towergate Financial to provide group personal pensions tailored to small and medium sized businesses.

US - The Orange County Employees Retirement System (OCERS) has issued a request for proposal (RFP) for a general investment and specialist consultants.

Ford workers are threatening a national strike over plans to uprate future payments for Ford Pension Fund members by the Consumer Prices Index.

FSA demands fairer share for with-profits investors; Capita sets sights on clients overseas

EUROPE/UK - Government rules on the amount of income men and women can drawdown from pensions could become redundant on Tuesday - just days after revised tables were published.

JAPAN - Japan's public pension fund, the world's largest, said it may become a net seller of bonds to cover payments in the world's most rapidly ageing society.

US - The lack of clear information on investment strategies used by target date funds could put retirees at risk, research warns.

HONG KONG - Government plans to provide an extra HK$24bn ($3.1bn) for Mandatory Provident Fund (MPF) members may miss an important opportunity to stimulate retirement savings, Mercer believes.