News

US - Four former San Diego officials have agreed to pay penalties for misleading investors in the city's municipal bond funds about the extent of its pension and retiree healthcare obligations, said the Securities and Exchange Commission (SEC).

DENMARK - Danish pension provider ATP recorded a DKK17.4bn ($3.2bn) profit in the nine months to September.

GLOBAL - Institutional asset managers say investors should not be scared by emerging economies recently increasing capital controls to cool strong inflows into their markets.

Scheme funding arrangements driven by special purpose vehicles are gradually becoming more accessible to smaller firms, consultants say.

FRANCE - Train services were disrupted and flights canceled after French unions called for a fifth, and some said final, strike today against President Nicolas Sarkozy's pension bill, passed by parliament.

The number of trust-based defined contribution schemes fell by 15% last year, according to data from The Pensions Regulator.

Small business hit by extortionate costs of pension enrolment; Go-ahead for pensions saving push; Is this a ray of light in the appalling mess of the British pension system?

Active membership in private sector defined benefit schemes declined by 200,000 to 2.4 million in 2009 but remained constant in the public sector, official statistics show.

The first occupational pensions case to reach the Supreme Court will be heard on June 20 and 21, next year.

Fidelity Investment Managers is set to launch a fresh defined contribution lifestyle default strategy combining diversification with a tactical asset allocation overlay.