News

US - New York City Mayor Michael Bloomberg has hired the city's first chief investment advisor tasked with helping to reign in spiralling pension costs.

US - Current accounting standards in the US have discouraged the use of de-risking strategies among corporate pension funds, Mercer says.

US - Toyota Motor Corp. will face a Maryland public pension fund as the lead plaintiff in a consolidated shareholder lawsuit in which it's accused of failing to disclose defects related to sudden acceleration.

The Pensions Regulator chairman David Norgrove will step down from his role when his second term in post ends on 31 December.

UK - The Pensions Regulator chairman David Norgrove will step down from his role when his second term in post ends on 31 December.

The government should reform the current contracting out rules which give an unfair advantage to public sector workers and employers, Ros Altmann says.

The Staff Superannuation Fund of Palmer and Harvey has appointed Barnett Waddingham to act as its actuaries, administrators and consultants.

European pension funds are shunning cash in favour of riskier alternative investments, a survey shows.

EUROPE - European pension funds are shunning cash in favour of riskier alternative investments, a survey shows.

FTSE100 companies' median liabilities jumped about 20% last year due to changes in accounting assumptions, Mercer research reveals.