News

NETHERLANDS/SOUTH AFRICA - APG, the investment arm of giant Dutch pension fund ABP, has committed US$250m to Pallinghurst, an investment company specialising in natural resources.

AUSTRALIA - The preliminary results of the Australian government sponsored Cooper review of the country's pension system has suggested superannuation funds should offer a new low-cost product called MySuper.

Aviva has confirmed plans to close both the Aviva and RAC final salary schemes to future accruals.

UK - Aviva has confirmed plans to close both the Aviva and RAC final salary schemes to future accruals.

About one third of employees have had their pension plans hindered by the recession and will have to take more personal responsibility over the coming years, Towers Watson says.

Giovanni Legorano speaks to Robert Gardner, co-founder and co-chief executive at Redington. Gardner takes us through some of the issues and opportunities pension funds are dealing with in the current market environment: inflation, the evolution of liability...

US - The California Public Employees Retirement System has struck a deal with Apollo Global Management that sees the private equity fund manager reducing its existing fees by US$125m over the next five years.

The Confederation for British Industry's claim that NEST will be deserted by workers fleeing the 2% charge is "absolute rubbish", Tom McPhail says.

Pensions administration correspondence must become more member friendly so people can better understand and engage with retirement planning, industry experts say.

UK - The pension industry should engage more with people on how much they invest into their pension pot rather than focusing on the specific investment advice, industry figures said.