News

Here they are - the winners of the UK Pensions Awards 2010.

SWITZERLAND - Banking group SYZ is set to acquire State Street Global Advisors' (SSgA) institutional Swiss fixed income activities.

NEW ZEALAND - The New Zealand superannuation fund has reported a strong performance for the first quarter of 2010, boosted by continued investor appetite for stocks worldwide.

NETHERLANDS/SOUTH AFRICA - APG, the investment arm of giant Dutch pension fund ABP, has committed US$250m to Pallinghurst, an investment company specialising in natural resources.

AUSTRALIA - The preliminary results of the Australian government sponsored Cooper review of the country's pension system has suggested superannuation funds should offer a new low-cost product called MySuper.

Aviva has confirmed plans to close both the Aviva and RAC final salary schemes to future accruals.

UK - Aviva has confirmed plans to close both the Aviva and RAC final salary schemes to future accruals.

About one third of employees have had their pension plans hindered by the recession and will have to take more personal responsibility over the coming years, Towers Watson says.

Giovanni Legorano speaks to Robert Gardner, co-founder and co-chief executive at Redington. Gardner takes us through some of the issues and opportunities pension funds are dealing with in the current market environment: inflation, the evolution of liability...

US - The California Public Employees Retirement System has struck a deal with Apollo Global Management that sees the private equity fund manager reducing its existing fees by US$125m over the next five years.