News

US - New York Mayor Michael Bloomberg said city pension funds have set unrealistically high assumed rates of return on investments at 8%.

UK/US - The Pensions Regulator's determinations panel has issued its reasons for chasing Lehman Brothers subsidiaries with a financial support direction.

The Pensions Regulator's determinations panel has issued its reasons for chasing Lehman Brothers subsidiaries with a financial support direction.

US - The Securities and Exchange Commission has charged two former State Street employees with misleading investors about their exposure to subprime investments.

UK - The trustee of the Merchant Navy Officers Pension Fund has selected Towers Watson as the delegated chief investment officer for its £3bn ($4.7bn) pension fund.

EUROPE - Almost three quarters of European fund managers fear the new Key Investor Information Document (KIID) will increase costs, research by KNEIP has found.

PGGM CIO quits; Threadneedle; AXA; KKR; State Street; EFAMA; Begbies Traynor Group; Amundi

A benchmark portfolio with an 8.5% allocation to gold suffered 5% lower losses during the financial crisis than one not holding gold, research published by the World Gold Council (WGC) suggests.

Pension firms 'take up to 80 per cent of contributions in fees'; BBC unions suspend strike

Strikes at the BBC set to disrupt coverage of the Conservative party conference have been called off following an improved pension offer from the broadcasting giant.