News

US - The California Public Employees' Retirement System (CalPERS) has approved a new asset allocation strategy to improve risk-adjusted performance.

Inflation figures published today prove the government is making poor people worse off by using CPI for measuring pension payment increases, Labour says.

The 6,560 schemes monitored by the Pension Protection Fund reported an aggregate deficit of £1bn at the end of last month.

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JLT Benefit Solutions has launched a group personal pension with Scottish Widows for employers looking to improve their scheme ahead of 2012.

Raising worker contribution rates for local government pension schemes would stoke a wave of industrial action and withdrawals from schemes, unions warn.

The Organisation for Economic Co-operation and Development plans to start its research on managing longevity risk in January, and could propose governments issue life expectancy indexes.

The government has launched a public consultation on giving people under-55 early access to their pension.

FRANCE - The Organisation for Economic Co-operation and Development (OECD) plans to start its research on managing longevity risk in January, and could propose governments issue life expectancy indexes.

US - The Teacher Retirement System of Texas' strong returns of 12.6% in the year ended September 30 has allowed the scheme to pay $9.7m in current and deferred bonuses to its staff.