News

AUSTRALIA/CANADA - Intoll Group expects to know whether an A$3.47bn ($3.1bn) bid from Canada Pension Plan Investment Board (CPPIB) will go ahead before the end of the month.

The Confederation for British Industry is set to back the key principles behind auto-enrolment and NEST in its submission to the independent review body, PP can reveal.

The trustees of the £70m Royal British Legion Pension Fund have hired Hewitt Associates to provide investment advice.

Pension schemes with RPI hard-coded into their trust deed could fail to benefit from reductions in liabilities, pension experts say.

Smaller consultancy firms could win the "battle" for medium-sized schemes in the next five years if consolidation among the top firms continues, Steve Delo says.

The Investment Governance Group plans to have its principles on defined contribution governance agreed by October, its DC subgroup chairman says.

Senior industry figures are pleading for an early government announcement on pension tax relief restriction rules because "time is running out" for employers to implement changes.

The possible move from Retail Prices Indexation to Consumer Prices Indexation to index private sector pension increases will force schemes to amend de-risking contracts, industry figures say.

UKRAINE - Ukraine plans to let private pension managers oversee some state retirement funds in 2012 to help cut the budget deficit and spur economic growth, said Labour and Social Policies Minister Vasyl Nadraha.

CANADA - The Canada Pension Plan Investment Board saw investments fall 1.3% in the fiscal first quarter due to declining equity markets.