News

US - CalPERS is supporting Massey Energy's improved corporate governance proposals in the wake of a coal mine explosion which killed 29 of the firm's employees.

US - The New York State Common Retirement Fund (CRF) will invest $15m in early-stage companies through its new High Peaks Seed Venture Fund.

IRELAND - Allied Irish Banks (AIB) has invested €12m ($16m) of pension scheme assets into a special purpose vehicle set up to recover toxic debt.

Ros Altmann, director-general of Saga, has slammed Bank of England deputy governor Charlie Bean after he encouraged people to spend their savings to boost the economy.

Expectations for average total property returns are falling sharply as economic uncertainty, reduced access to financing and increased supply take their toll, a bfinance survey reveals.

UK - Aegon is set to wind down its UK trustee solutions business which provides third party administration services.

Aegon closes more UK operations, cuts jobs; Altmann says Bank of England decimating pensions; Labour 'on track to be debt free by 2015'

Schemes need to be wary of future deflationary pressures when managing liability risks, LCP says.

Women in the pensions industry earn £8,438 a year less than men, a study shows.

AUSTRALIA - Superannuation funds should introduce financial condition reports similar to those required for insurance companies, Mercer believes.