News

AUSTRALIA - The Australian government plans to have "targeted" conversations with superannuation funds to encourage investments in local infrastructure.

EDHEC; Amundi; Corinthian Cove Consulting; Scottish Widows Investment Partnership; Standard Life Investments; Mercer; CalPERS

CANADA/GERMANY - The Canada Pension Plan Investment Board (CPPIB) has teamed up with LaSalle Investment Management to buy Germany's Hürth Park shopping centre for €157.3m ($219.2m).

Railpen has appointed Schroder NewFinance Capital to manage a £80m mandate for its commodity portfolio.

State Street Corporation has been appointed as fund administrator for the National Employment Savings Trust.

UK pension schemes investing in US companies could face a 30% tax if a proposed US withholding tax is implemented, Hogan Lovells warns.

BULGARIA - Bulgaria's private professional pension funds will put 20% of their assets under state control to cover early retirement until 2014, Prime Minister Boiko Borissov said.

Pensions safety net is in the Black; Pensions lifeboat shows £400m surplus

Mercer has recruited Paul Noone and Cathryn Cooney to its UK outsourcing business in a bid to improve its benefits delivery service for pension scheme members.

Behavioural economics can be adopted to improve the expenditure decisions of retirees, the Pensions Institute says.