News

More than half of small firms believe the government's auto-enrolment reforms will add significantly to their costs, Association of Consulting Actuaries research shows.

US - Moody's Investor Services downgraded both Illinois and New Jersey's general obligation bonds following concerns over unfunded pension liabilities.

SOUTH KOREA/US - South Korea's National Pension Service has hired The Townsend Group to invest $300m in real estate in North and South America.

Have you missed the biggest stories in pensions this week? Find out below, as we list the top ten most popular stories on www.professionalpensions.com over the past seven days (17 September - 23 September).

EUROPE - The European Commission will start a search for candidates to run three new regulators for the region's banking, securities and pension industries.

The National Association of Pension Funds has highlighted trustee fears of unlimited fines or two years in prison for breaching new rules aimed at limiting investment in sponsoring employers.

Ecclesiastical Investment Management is set to expand into the institutional investment market and has hired Mark O'Connor to head up the business.

UK - The Pensions Ombudsman and the Pensions Protection Fund Ombudsman could be merged with The Pensions Regulator, a leaked Cabinet Office document suggests.

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.

US - The New York State Common Retirement Fund has published research investigating the impact of adopting a fixed income only investment strategy.