News

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.

Between 2000 and 2009 Britons collectively saved £384bn into pension funds and life insurance products, according to research from Lloyds TSB and the Office for National Statistics.

The Department for Work and Pensions has appointed Robert Devereux as permanent secretary.

Aegon is set to wind down its Daresbury-based trustee solutions business which provides third party admin services.

SWEDEN - Sweden's AP3 fund is to adopt a new organisational structure in order to improve risk management.

UK - Scheme allocation to alternatives will rise to more than a third of assets over the next two to three years as funds shy away from equities, J.P. Morgan Asset Management research suggests.

GLOBAL - Platinum and palladium will become more important investments for pension funds, said Shayne McGuire, director of global research at the Teacher Retirement System of Texas.

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EUROPE - Nearly half of all European pension funds are imprecisely modelling their liability hedging portfolios, a new survey by EDHEC-Risk Institute finds.