News
United Kingdom
UK - Pension buyouts are set to break all records next year, after deals for the first three quarters of 2010 exceeded all of 2009, Pension Capital Strategies says.
16 December 2010
•
Ireland
IRELAND - The €24.5bn ($32.4bn) National Pensions Reserve Fund (NPRF) has invested $50m in Polaris Venture Partners.
16 December 2010
•
US
US - The Los Angeles Fire & Police Pension System has reappointed Northern Trust as global custodian.
16 December 2010
•
US
US - A lobbyist for the California Public Employees' Retirement System has promised a "major fight" over congressional Republican legislation to force wider disclosures from state and city pension funds.
16 December 2010
•
Defined Benefit
Rules protecting Local Government Pension Scheme members outsourced to work in the private sector could be scrapped following the withdrawal of similar benefits for central government employees.
16 December 2010
•
Legislation
More than 100 British veterans living abroad have signed a petition against their pensions being frozen and some are threatening to hand back their medals in protest.
16 December 2010
•
1 min read
Investment
Pension buyouts are set to break all records next year, after deals for the first three quarters of 2010 exceeded all of 2009, Pension Capital Strategies says.
16 December 2010
•
US
US - New York Attorney General Andrew Cuomo has reached an agreement with two investment firms as part of his ongoing investigation into the state's pension fund.
16 December 2010
•
Admin / Technology
Scottish Equitable has been fined £2.8m by the Financial Services Authority for a series of administrative failings including underestimating the value of customers' future pension benefits to the tune of almost £7m.
16 December 2010
•
Australia
AUSTRALIA - The Australian government has unveiled its plans to reform the superannuation industry, including cuts to management fees and the introduction of the MySuper default fund.
16 December 2010
•
