News

RUSSIA - Russian Finance Minister Alexei Kudrin's proposal to raise the retirement age is an attack on the United Russia party that Prime Minister Vladimir Putin chairs, a senior party official said.

GLOBAL - Global pension funds are increasingly requesting customised fixed income performance benchmarks that exclude exposure to asset classes, market sectors and countries that breach macro-economic indicators.

Blake Lapthorn has appointed Ian Flowers as a partner in its pensions team.

The combined deficit of the top 100 UK firms' defined benefit schemes has improved by £17bn over the last year, Pension Capital Strategies says.

UK - The Financial Reporting Council has published the first Stewardship Code for institutional investors in a bid to improve their level of engagement with companies.

The Financial Reporting Council has published the first Stewardship Code for institutional investors in a bid to improve their level of engagement with companies.

One of British Airways' two pension schemes has insured £1.3bn of pensioner liabilities in a buy-in deal with Rothesay Life.

UK - One of British Airways' two pension schemes has insured £1.3bn (US$1.9bn) of pensioner liabilities in a buy-in deal with Rothesay Life.

Jeannie Drake has stepped down as deputy chairman designate of NEST Corporation following her appointment as a Labour Peer.

US - The New York State Common Retirement Fund has hired The Rock Creek Group to run the first mandate in its new emerging managers hedge fund programme, and said a new emerging managers real estate programme is in the works.