News

Trustees conducting self-assessment exercises into the conduct of their duties could leave themselves open to that information being used against them in court, Lovells warns.

The Pensions Regulator could enforce mandatory standards of record keeping after its assessment of how trustees' focus has improved, industry figures predict.

GLOBAL - A strong majority of global pension fund investors believe active managers have the ability to deliver alpha, a new survey by Pyramis Global Advisors found.

EUROPE - Equity manager RCM, a subsidiary of Allianz Global Investors, is set to launch a diversified growth fund in the first quarter that invests only in exchange traded funds.

Equity manager RCM, a subsidiary of Allianz Global Investors, is set to launch a diversified growth fund in the first quarter that invests only in ETFs.

NETHERLANDS - Dutch pension funds held €15.3bn (US$22.2bn) in direct real estate investments as of the third quarter 2009, new figures by De Nederlandsche Bank (DNB), the Dutch central bank, showed.

Electronics retail group DSG International is set to close its defined benefit scheme future accrual.

US - The underfunded pension plans of eight companies with a combined US$236.3m in assets have fallen into the Pension Benefit Guaranty Corporation in less than a month.

Around three quarters of charities have not assessed the impact of legislative changes to their pension strategy in 2012, Foster Denovo and ACEVO says.

SPAIN - Assets under management (AUM) of pension funds falling under the individual system category increased by 6.9% in 2009 to €51.6bn (US$74.8bn) largely due to positive investment returns, data from research company VDOS Stochastics revealed.