News

SPAIN - Spanish Labor Minister Valeriano Gomez is set to meet with union leaders today to negotiate an overhaul of the pension system as the Socialist government seeks to avoid a second general strike.

UK - Third-sector multi-employer fund The Pensions Trust has changed its investment strategy across all member schemes in a shift away from quoted equities.

UK - The Financial Reporting Council has published a series of recommendations in a bid to improve communications between company boards and shareholders such as pension funds.

IRELAND - The €24.4bn National Pension Reserve Fund (NPRF) returned -7.9% from its €9.5bn ($12.3bn) investment in Bank of Ireland and Allied Irish Banks (AIB) last year.

The Financial Reporting Council has published a series of recommendations in a bid to improve communications between company boards and shareholders, such as pension funds.

Third-sector multi-employer fund The Pensions Trust has changed its investment strategy across all member schemes in a shift away from quoted equities.

Pensions minister Steve Webb will face a barrage of questions on pension changes next week as MPs return to parliament.

Bad investment selection in the pensions market is still a "significant concern" placing customers at unnecessary risk, the Financial Services Authority warns.

US - The Securities and Exchange Commission is understood to be investigating whether the state of California violated securities laws by failing to disclose the risks attached to the California Public Employees Retirement System (CalPERS).

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past four days.