News

US - Two pension fund managers have terminated AXA Rosenberg Investment Management as a result of a coding error and at least one consultant is considering preparing a class action lawsuit, Global Pensions has learned.

DENMARK - Danish fund manager ATP posted a DKK10.5bn (US$1.2bn) profit on its investments and hedging activities in the first quarter, with a large chunk of investment returns coming from domestic equities.

Union attacks Lloyds executives over pension scheme provision

There is an emerging case for pension schemes not having lay trustees at all, trustee champion Brian Holden says.

Pension managers are split over whether schemes need an alternative to the service level agreements currently used by the vast majority of funds to measure the performance of their administrators.

Pension scheme administrators are under pressure to do more for lower fees, Hewitt Associates says.

UK - Pension scheme administrators are under pressure to do more for lower fees, Hewitt Associates said.

Proposals to amend accountancy standard IAS19 could cut the earnings of UK firms by as much as £10bn, accountants and actuaries warn.

GLOBAL - The International Accounting Standards Board has published an exposure draft of proposed amendments to IAS19, dealing with how pension costs are recorded in company accounts.

The International Accounting Standards Board has published an exposure draft of proposed amendments to IAS19, dealing with how pension costs are recorded in company accounts.