News

SOUTH KOREA - National Pension Service, South Korea's biggest investor, said it is in talks to buy into a US oil pipeline to diversify its portfolio.

Market volatility has eroded annualised returns from direct investment in the FTSE 100 to 0.5% over the past ten years, MetLife Europe says.

CANADA - Caisse de Depot et Placement du Quebec, Canada's biggest pension-fund manager, posted a 2.3% return in the first half of this year, bolstered by investments in private equity and infrastructure.

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 (13 August - 20 August).

Pension fund hole adds to EMI's problems

The John Menzies Pension Scheme received an exceptional credit of £4.6m following the completion of a pension increase exchange exercise.

CANADA/US - The Ontario Teachers' Pension Plan has signed a deal with Avista Capital Partners to buy INC Research Inc for an undisclosed sum.

GLOBAL - Research house Lipper is urging pension funds to follow the lead of CalPERS and Utah Retirement Systems in pushing hedge fund managers to explain and justify their fee structures.

AUSTRALIA - Australia's Superannuation industry has criticised Tony Abbott's coalition party for failing to release a substantive pensions policy just hours before the General Election.

ARGENTINA - Argentina's lower house approved an opposition-backed bill to boost the country's minimum monthly pension payments and link them to the minimum wage, a move the government said would bankrupt the current system.