News

NORWAY/GREECE - Norway's public pension fund appears to be the biggest proportional loser from knock-on effects of Greece's debt woes, after Norges Bank Investment Management (NBIM) boosted its holdings in Greek equities by 45.8% during the second half...

ITALY ¬- Italian pension funds have been increasingly looking at fiduciary management solutions in the first quarter of this year, BlackRock head of Italian institutional business Alberto Salato said.

US - The US Supreme Court sided with businesses in a dispute over the meaning of ambiguous pension plans, ruling that a federal trial judge should have deferred to Xerox Corp.'s interpretation of its plan.

Association of British Insurers director of investment affairs Peter Montagnon has quit after almost 10 years at the trade association.

The Association of Consulting Actuaries has blasted the three main political parties' pledges on pensions as "threadbare at best" and "positively damaging at worst".

The three main political parties' manifesto pledges on pensions have been dismissed as "bland" with no commitments and saying "nothing explicit" by the PP Pensions Commission.

UK - The three main political parties' manifesto pledges on pensions have been dismissed as "bland" with no commitments and saying "nothing explicit" by the PP Pensions Commission.

Pensions relief

Raising Standards of Pensions Administration is re-branding itself as the Pension Administration Standards Association and has outlined its strategy.

JLT Benefit Solutions is planning to make at least 15 people redundant from its St Albans office.