News

CHILE - Chilean pension funds grew 30.8% to US$119.1bn in the 12 months up to March 2010 on the back of gains in non domestic equities investments, regulator Superintendencia de Pensiones revealed.

US - Legal & General Investment Management America (LGIMA) has appointed Aaron Meder to the newly created position of head of US pension solutions.

CANADA - The C$32.6bn (US$32.5bn) Healthcare of Ontario Pension Plan (HOOPP) posted a 15.2% profit for 2009 on the back of gains in North American equities, according to its 2009 annual report.

Malcolm McLean is to join Barnett Waddingham as a consultant after being replaced as chief executive of The Pensions Advisory Service.

The Conservatives have unveiled their 2010 election manifesto - outlining plans to "reinvigorate" occupational pensions.

The Tories have pledged to raise the the secondary threshold at which employers start paying National Insurance by £21 a week, countering what it calls Labour's "job tax" of a 1% NI increase.

Pensions: the untold crime of the century; Inequalities in public pay and pensions must be addressed; Brown stays close to Blairite path; Pension investors are not to blame

Defined benefit pension funds are £0.3bn in surplus for the first time since June 2008, Pension Protection Fund figures reveal.

UK - Defined benefit pension funds are £300m (US$463m) in surplus for the first time since June 2008, Pension Protection Fund figures revealed.

LATIN AMERICA - Private equity firm Advent International has announced a final close of US$1.65bn in its Latin America Private Equity Fund V (LAPEF V), with 40% of those assets coming from pension fund investors.