News

US/ASIA - The sale of American International Group's (AIG) asset management and investment advisory group division, PineBridge Investments, to private equity firm Pacific Century Group (PCG) has been completed.

CANADA - Labour unions in Canada are calling on the federal government to double the benefits paid to retired workers.

NEW ZEALAND - The New Zealand Superannuation fund invested NZ$212.5m (US$150.8m) in the local downstream assets of Shell through a 50/50 consortium with infrastructure investor Infratil.

US/SWEDEN - Ford has agreed to sell Volvo Cars to Chinese carmaker Geely but the value of the deal will be subject to negotiations on Ford's Swedish subsidiary's pension deficit.

One-third of defined contribution schemes changed their investment strategies in the past year, Towers Watson's annual FTSE 100 DC survey reveals.

Sackers has expanded its dispute resolution unit with the appointment of newly qualified solicitor James Bingham.

A quarter of employers say their employees are cutting or suspending pension contributions because of the financial downturn, latest research from Punter Southall reveals.

The National Association of Pension Funds has called on the occupational pensions industry to establish super trusts which it says would add 30% to members' pension pots.

UK - The National Association of Pension Funds has called on the occupational pensions industry to establish super trusts which it said would add 30% to members' pension pots.

Moves to improve design of DC as membership swells; Switch from equities continues; Investors like clarity on pension liabilities; Workers slash pensions contributions in recession; Pension funds say 'retire later and give up your bus pass'; Public pensions;...