News
Defined Benefit
BAA Pension Scheme has cut its defined benefit scheme liabilities by more than £200m following the sale of Gatwick Airport.
22 February 2011
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Australia
AUSTRALIA - The superannuation fund City Super has awarded a A$1.5bn ($1.5bn) custodian and administration mandate to JP Morgan Treasury and Securities Services (TSS).
22 February 2011
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Industry
Trustees risk being fleeced by underperforming investment managers after it was revealed management fees jumped 11% last year on the back of improved market conditions, a consultant says.
22 February 2011
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Australia
AUSTRALIA - The median growth superannuation fund gained 1% in January 2011, research by Chant West shows.
22 February 2011
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Appointments
The former head of multi-manager at F&C, Dean Cheeseman, has joined Mercer as an equity portfolio manager within its investment management business.
22 February 2011
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United Kingdom
UK - The Conservative chairman of the Local Government Association has attacked coalition plans to hike council worker pension contributions warning the move would lead to mass opt-outs.
21 February 2011
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Global
GLOBAL - Global pension assets rose about 8% to $31.1trn in 2010, research shows.
21 February 2011
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Asia
MALAYSIA - The Employees Provident Fund (EPF) has reported its highest ever dividend payout of RM21.61bn ($7.1bn) for 2010.
21 February 2011
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US
US - Illinois, which plans to sell $3.7bn of pension bonds next week, may seek a federal guarantee on retirement-system debts if its unfunded liabilities can't be eliminated, according to budget documents.
21 February 2011
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Defined Benefit
The Pension Protection Fund is proposing changing the way it assumes section 143 and 179 scheme valuations, it announced today.
21 February 2011
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