News

GLOBAL - Pension funds should base their investment decisions on scenario planning given current market uncertainty, but this is prevented by the fact the pension industry is massively incentivised to herding, Ashmore head of research Jerome Booth said....

Increases in inflation assumptions have increased scheme liabilities by £100bn but are still failing to keep pace with market assumptions, experts say.

UK - Increases in inflation assumptions have increased scheme liabilities by £100bn (US$146.1bn) but are still failing to keep pace with market assumptions, experts said.

Global Pensions and the Principal Officers Association of South Africa last night held its annual South African pension service providers awards in Johannesburg, the Imbasa Yegolide Awards for 2010. The winners were announced at an elegant gala at the...

The current refinancing gap for middle market companies created by banks' unwillingness to lend is providing mezzanine debt investment opportunities for schemes, Mercer says.

GLOBAL - The current refinancing gap for middle market companies created by banks' unwillingness to lend is providing mezzanine debt investment opportunities for schemes, Mercer said.

Global defence, security and aerospace company, BAE Systems has appointed Xafinity Paymaster to provide third party administration services across five of its pension schemes.

US - A US bus and rail authority has sued BP to try and recover losses on the oil firm's shares following an oil rig explosion in April.

AUSTRALIA/CANADA - CP2 Ltd., Transurban Group's biggest shareholder, said it intends to hold onto its stake in the Australian toll-road operator and will push for boardroom changes after a bid to buy the company with two Canadian pension funds was rejected....

IRELAND - Workers' unions at the Irish Republic's biggest telecoms operator firm Eircom have approved a major pension restructuring programme, eliminating a €407m (US$502.8m) defined benefit scheme deficit at the troubled firm.