News
Investment
BNP Paribas will seek to double its total revenue in the next five years by aggressively developing its derivatives clearing service for buy-side clients, its chief executive says.
10 February 2011
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Defined Benefit
East Sussex County Council has been ordered to increase a scheme member's pension by more than £1,000 a year after an administrative error reduced her final salary payout
10 February 2011
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Defined Benefit
Local councils could leave themselves open to maladministration claims if they adopt blanket policies on discretionary pension payments for redundant workers, a lawyer warns.
10 February 2011
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Investment
Investors benefitted from a 15.2% return on UK commercial property last year driven by solid performance from central London office space, according to the IPD UK Quarterly Property Index.
10 February 2011
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Legislation
Scheme managers are split over whether the government should have given pension funds the power to override scheme rules enabling a shift from RPI to CPI indexation where it is not already allowed.
10 February 2011
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US
US - Pension fund sponsors continue to view controlling funded status volatility as top priority for 2011.
09 February 2011
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Australia
AUSTRALIA - Russell Investments has launched its first after-tax fund to maximise returns for superannuation investors.
09 February 2011
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US
US - Pacific Investment Management Co. and Cutwater Asset Management Corp. are advising investors that record fund withdrawals amid projections of widespread municipal defaults have created a buying opportunity.
09 February 2011
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United Kingdom
UK - Treasury plans to increase public sector employee pension contributions by 3% could destroy the Local Government Pension Scheme, the London Pensions Fund Authority warned.
09 February 2011
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Industry
Treasury plans to increase public sector employee pension contributions by 3% could destroy the Local Government Pension Scheme, the London Pensions Fund Authority warns.
09 February 2011
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