News

The pensions industry has delivered a positive verdict on Lord John Hutton's interim report on public service provision.

US - BlackRock has appointed Chris Leavy as chief investment officer (CIO) of US fundamental equity.

FRANCE - President Nicolas Sarkozy has announced plans to amend France's pension reform to prevent parents who interrupt their careers to raise children from being penalised.

Employers need to place emphasis on savings rather than pensions if they are to raise participation levels in their benefit packages.

US - The New York City Employees' Retirement System (NYCERS) has reached a settlement of its securities class action against Apple over claims of improper stock options backdating practices.

It is inevitable pension legislation across the European member states will become more harmonised in spite of reluctance from some countries, delegates heard.

Social housing and infrastructure provides a long-term, inflation-linked investment opportunity with reliable returns, according to industry experts.

The industry "won't be in suspense much longer" over NEST, Steve Webb told delegates.

GLOBAL - Developed market managers have proven to be more skilful at picking securities than emerging markets managers, said Rick Di Mascio, chief executive at Inalytics.

UK - The final salary link in public service pensions is 'inherently unfair' and can lead to high flyers getting almost twice as much back in pensions than those on more modest earnings for the same amount of pension contributions, Lord John Hutton says....