EUROPE - The investment industry has cautiously welcomed the long-awaited agreement on the Alternative Investment Fund Managers (AIFM) directive.
US - California faces liabilities that may exceed five times its annual tax revenue within two years unless lawmakers rein in benefits, according to a study.
UK - The Financial Reporting Council has revealed the 68 signatories to the UK Stewardship Code.
Alexander Forbes Consultants & Actuaries has entered the implemented consulting market targeting defined benefit schemes of all sizes.
AUSTRALIA - Industry fund members are more likely to be satisfied with their superannuation than members of retail master trusts, research shows.
The Association of Member Nominated Trustees has launched a website to allow potential members and friends to register to join the group.
The Financial Reporting Council has revealed the 68 signatories to the UK Stewardship Code.
US - Los Angeles Mayor Antonio Villaraigosa has unveiled proposals that will have newly hired police and firefighters working longer for better pensions and paying for post-retirement health care for the first time.
NORWAY - Norway's Government Pension Fund Global has grown to NOK3trn ($512bn) for the first time in its 14-year history.
Don't let a man be your pension plan; Pensioners face £100 cut in winter fuel allowance