News

A Labour manifesto commitment to increase the basic state pension in line with earnings from 2012 will cost £2bn a year by the end of the next parliament, Towers Watson warns.

The Labour Party has unveiled its 2010 election manifesto - but has failed to make any new promises on pensions.

ROMANIA - Romanian mandatory private pension funds posted a 9.5% profit for the first quarter of 2010 and gained 24.2% in the 12 months ending March 31, data by pension supervisory authority Comisia de Supraveghere a Sistemului de Pensii Private (CSSPP)...

US - Exchange traded funds (ETF), typically thought of as a retail product in the US, are making inroads in the US institutional space, according to a new survey by consultant Greenwich Associates.

UK - The Reader's Digest Pension Scheme has entered the Pension Protection Fund's assessment period.

The Reader's Digest Pension Scheme has entered the Pension Protection Fund's assessment period.

Unite has launched a major campaign to protect local government services and the pay and pensions of council workers.

European multi-asset strategies grew nearly 30% to a record €848bn (£746bn) of assets under management during 2009 due to investors' need for better risk diversification, a report from Cerulli Associates reveals.

EUROPE - European multi-asset strategies grew nearly 30% to a record €848bn (US$1.1trn) in assets under management during 2009 due to investors' need for better risk diversification, a report from Cerulli Associates revealed.

Pension funds engaging in private placements can earn attractive, inflation linked returns over the longer term and is an activity which is likely to increase, M&G says.