News

INDIA - Canadian, European pension funds may invest in road projects in India attracted by the higher yields than the U.S. after the nation lifted the cap on foreign investment in bonds to lure capital for infrastructure projects.

Paul Trickett, head of investment for Europe, Middle East and Africa at consultancy Towers Watson, will be leaving the firm.

SWEDEN - AP7 head Peter Norman has been named the country's new minister for financial markets.

UK - Paul Trickett, head of investment for Europe, Middle East and Africa at consultancy Towers Watson, will be leaving the firm.

NORWAY - Norway's Government Pension Fund Global intends to broaden its investments to include infrastructure projects and private equity investments in a bid to increase returns.

US - The Securities and Exchange Commission has postponed implementing rules giving shareholders a bigger say in board make-up while a court of appeals reviews a lawsuit trying to block the regulations.

Increasing numbers of firms are closing defined benefit schemes to future accrual as they struggle to meet obligations, Lucida says.

EUROPE - Strong returns on European long-term savings are being hampered by an expensive and "highly inefficient" pensions market, the European Fund and Asset Management Association (EFAMA) said.

ASIA - Asian pension funds should invest more in real estate if they want to bring in enough returns to meet their liabilities, a new report shows.

Lord John Hutton is set to publish the interim findings of the independent Public Service Pension Commission's review on Thursday, this week.