News

Two-thirds of Global Pensions readers investing in hedge funds still rely on fund of funds for their exposure.

More than 80% of respondents to the Global Pensions 100 Panel believe a 50% allocation to emerging markets is too high.

US - The Financial Accounting Standards Board (FASB) has updated guidance over increasing transparency in the financial reporting of companies with multiemployer pensions.

US - Hewitt Associates has completed its previously announced acquisition of US consulting firm Ennis Knupp.

US - Pension plans of S&P1500 companies are shouldering deficits of a combined $506bn, the largest recorded deficit in their history, according to data by Mercer.

AUSTRALIA - Superannuation funds will have to pay closer attention to their decision-making process and board composition in the wake of the Cooper Review recommendations, Russell Investments warns.

Nervous advisers are recommending clients stick with their existing pension arrangements, even where there is good reason to transfer, because of the FSA's "heavy-handed" crackdown on pension switching.

BBC staff vote 9-1 for strike action

BBC workers have voted overwhelmingly in favour of strike action in a row over changes to the pension scheme, trade unions say.

JAPAN - Japanese pension funds are starting to invest in toll roads, ports and pipelines for the first time, seeking higher returns to meet the retirement needs of the world's fastest-aging population.