News

UK - Seven Local Government Pension Scheme funds with £9.9bn ($16bn) under management want to establish a framework contract to share actuarial, benefit and investment services to cut costs.

The combined deficit of the 200 largest UK private sector final salary schemes is at its lowest level since September last year, Aon Hewitt says.

The Local Government Pension Scheme will become "unsustainable" following cuts outlined in last month's Comprehensive Spending Review, the GMB warns.

CHILE - The Central Bank of Chile has raised the amount of assets pension funds can invest internationally to 80% from 60%.

Seven Local Government Pension Scheme funds with £9.9bn under management want to establish a framework contract to share actuarial, benefit and investment services to cut costs.

CANADA - The Workplace Safety and Insurance Board of Ontario hired State Street to provide custody, accounting, securities lending and investment analytics to C$15bn ($24.3bn) in assets.

The November issue of Global Pensions is out now. This month's issue includes:

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 seven days.

IRELAND - Up to a quarter of the country's €24bn ($34.2bn) National Pension Reserve Fund should be used to create jobs and invest in infrastructure, the Irish Congress of Trade Unions said.

UK - The government has today detailed plans on how the state pension age will rise to 66 by 2020.