News
Defined Benefit
US/UK - Deficits for US and UK pension funds have rocketed over the past one to two months as schemes were hit by the double whammy of falling interest rates and dropping equity values.
08 June 2010
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Defined Contribution
Defined contribution members risk dramatic fluctuations in retirement income unless they adopt default strategies that reduce the impact of market shocks, a global body warns.
08 June 2010
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Global
GLOBAL - Defined contribution members risk dramatic fluctuations in retirement income unless they adopt default strategies that reduce the impact of market shocks, the global body warned.
08 June 2010
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Defined Benefit
The aggregate funding position of PPF-eligible defined benefit schemes worsened by £24bn in May due to a slump in equity markets and shifts in gilt yields, figures released today show.
08 June 2010
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South Korea
SOUTH KOREA - South Korea's National Pension Service, the nation's biggest investor, said an asset manager which is bidding for a US oil pipeline approached it about possible investment.
08 June 2010
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North America
US - US fraudster Bernie Madoff has mocked the investors he swindled out of US$65bn, reportedly saying he "carried them" for 20 years.
08 June 2010
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US
US fraudster Bernie Madoff has mocked the investors he swindled out of $65bn, which indirectly included many institutions such as pension funds, reportedly saying he "carried them" for 20 years.
08 June 2010
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US
US - The San Diego County Employees Retirement Association (SDCERA) Board of Retirement has decreased its assumed rate of return to 8%, from 8.25%, the assumed rate for the past 13 years.
07 June 2010
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South Korea
SOUTH KOREA - Corporate pension assets in South Korea could nearly triple by the end of the year to KRW40trn (US$32bn) once new tax rules come into effect, Towers Watson estimates found.
07 June 2010
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Netherlands
NETHERLANDS/UK - Dutch pension fund and asset manager PGGM has allocated €75m (US$89.8m) to a UK property fund run by Standard Life.
07 June 2010
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