News

UK - The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index worsened to a deficit of £53.5bn ($82.6bn) at the end of August.

UGANDA - Uganda's National Social Security Fund is signing on new asset managers to help it manage its equities portfolio.

US - Almost all pension executives prioritise funded status over increasing returns, an SEI quick poll shows.

SOUTH KOREA/EUROPE - The National Pension Service of Korea has hired Rockspring Property Investment Managers to invest $400m in commercial property across Europe.

Trustees of closed DB schemes should investigate de-risking quickly as sponsor willingness to support the plan will diminish over time, MetLife Assurance says.

Aon Consulting has hired Geraldine Brassett as client director in its pension administration team.

The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index worsened to a deficit of £53.5bn at the end of August.

Government must press ahead with the 2012 reforms or risk a crisis of undersaving, the Confederation of British Industry says.

Trade unions have served the BBC with strike dates that coincide with the Conservative Party conference and the government spending review, after shunning a new pensions offer from the broadcast giant.

Funds using socially responsible investment strategies failed to outperform more traditional funds and did not safeguard assets during the financial crisis, research from the EDHEC-Risk Institute shows.