News

PP 100 - More than seven tenths of pension managers believe scheme closure is not the best way to deal with increasing pension fund deficits.

Pension administrator rpmi has been appointed to administer the pension schemes for Forbo Flooring UK following a tender process.

Government builds its Nest for flagship pension

IRELAND - The country's €22.3bn (US$32bn) National Pension Reserve Fund (NPRF) returned 20.9% last year on the back of rising equity markets, the National Treasury Management Agency said.

Aberdeen has acquired £13.5bn of long-only multi-manager and fund of hedge fund assets from RBS Asset Management for £84.7m.

UK - Aberdeen has acquired £13.5bn (US$21.6bn) of long-only multi-manager and fund of hedge fund assets from RBS Asset Management for £84.7m.

National Employment Savings Trust - NEST - has been unveiled as the new brand name for personal accounts.

UK - National Employment Savings Trust - NEST - has been unveiled as the new brand name for personal accounts.

US -California governor Arnold Schwarzenegger equated the state's rising pension costs to a "locomotive" and pledged to make pension reform a priority in 2010 in his annual State of the State address yesterday.

GLOBAL - TCW's purchase of Metropolitan West Asset Management may be a predictor of things to come as independent firms will drive merger and acquisition activity in 2010, investment bank Jefferies said.