News

NETHERLANDS - APG has invested P2.25bn ($50.4m) in real estate developer Century Properties in the Philippines.

UK - Regulatory focus on plugging scheme deficits quickly is "unhelpful" and could actually damage businesses and pension funds, Hymans Robertson warns.

POLAND - The Polish government plans to introduce changes to the pension system aimed at reducing the budget shortfall in April, said Michal Boni, senior adviser to Prime Minister Donald Tusk.

There are just four days left to send in your response to the PensionDCisions Sponsor Default survey.

Northern Foods has recommended a takeover bid from Boparan Holdings after its scheme trustees agreed a deal over the fund's £142m deficit.

University workers will be balloted for strike action over pension changes after the Universities Superannuation Scheme confirmed an end to its final salary scheme for new entrants.

Fund manager Hermes has appointed Simon Cartwright and Jill Renwick as directors in its institutional business development team.

AUSTRALIA - European asset managers are showing an increased interest in opening up shop in Australia, said Nick Sherry, the country's former assistant treasurer and former minister for superannuation.

Russell Investments; Mercer; Aviva Investors; Hermes; BlackRock; Aegon UK; Newport Group; Xafinity Consulting; ETF Securities.

Plans to introduce a universal state pension could be held back until 2014 to give the coalition government a boost at the next general election, a policy expert says.