News

Government proposals to increase the retirement age and index pension payments to the Consumer Price Index could slice 15% from public sector liabilities, London Pensions Fund Authority chief executive Mike Taylor says.

Pensions and football eh? So alike. OK, so the idea of a column trying to tie the disappointment of England's performance (Scottish and Welsh readers please bear with me) to the state of UK pensions was blindingly obvious and maybe a bit lazy, but I have...

The value of buy-in and buyout exercises in Q2 is expected to exceed the £1bn mark for the second consecutive quarter, Hymans Robertson says.

US - Emerging markets specialist Gramercy has hired the former co-heads of JP Morgan Asset Management's emerging markets debt group to launch new strategies focused on the asset class, Gramercy said.

AUSTRALIA - Superannuation fund QSuper hired State Street Global Advisors (SSgA) to run A$10bn (US$8.5bn) in passive strategies that will provide pre-tax returns that match their respective benchmarks, SSgA said.

A Canadian court has once again prevented The Pensions Regulator from issuing a warning notice to recover £2.1bn from Nortel Networks in Canada.

CANADA/UK - A Canadian court has once again prevented UK-based The Pensions Regulator from issuing a warning notice to recover £2.1bn (US$3.1bn) from Nortel Networks in Canada.

The first issuance of a contribution notice could signal a clampdown on companies who fail to engage with trustees and the regulator, lawyers say.

Threadneedle has launched an actively managed commodities fund.

JLT is to merge its two Manchester offices following the acquisition of HSBC Actuaries and Consultants last year.