News

AUSTRALIA/CANADA - The Canada Pension Plan Investment Board has teamed up with Australia's Future Fund to contribute A$750m ($665m) to Colonial First State Global Asset Management's restructured retail property fund.

ASIA - Nikko Asset Management has hired the former Morgan Stanley Investment Management chief executive for Asia to help the Japanese firm continue to expand throughout the region.

Strike action over pension changes at Capita Life and Pensions could have repercussions for other financial organisations, Unite warns.

CHILE - Chilean pension funds are boosting holdings of foreign bonds to record levels after a dearth of local corporate sales pushed yields to a two-year low.

More than half of scheme managers believe switching indexation of pension increases from RPI to CPI will help pension funds, an exclusive PP survey reveals.

Hewitt has been appointed by healthcare and life sciences product provider, The Getinge Group, to provide investment consulting services to its three UK pension schemes.

Thousands of retirees hoping to take advantage of the end of compulsory annuitisation will find many insurance companies' systems are not yet ready to deal with the changes according to Annuity Direct.

There is every indication that the State Pension Age, currently planned to reach 68 by 2046, will now rise further and faster.

Proposals by the government to abolish contracting out in final salary schemes could hit millions of members, who will have to pay more in National Insurance, industry experts say.

The Department for Work and Pensions' proposal to abolish transfers of contracted out rights from DB schemes could see the end of the enhanced transfer value market, industry experts say.