The Local Government Pension Scheme's deficit could swell to £60bn this year if current trends continue, research from the Liberal Democrats reveals.
UK - The Local Government Pension Scheme's deficit could swell to £60bn (US$97.8bn) this year if current trends continue, research from the Liberal Democrats revealed.
David Bright has been appointed as chairman of the board at Capital Cranfield Holdings, succeeding Mike Anthony.
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.