News
Bulk Annuities
The CDC Pensions Scheme has completed a £370m buy-in with Rothesay Life.
17 November 2009
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US
US - The Pension Benefit Guaranty Corp. (PBGC) reported a deficit of US$22bn in the year ended September 30, nearly double the amount reported in the previous year, and officials warned the gap could keep growing.
16 November 2009
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US
US - The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) has sued State Street after the bank demanded the scheme return US$4.2bn into its securities lending program.
16 November 2009
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Europe
EUROPE - Pension deficits in UK banks and Europe's largest listed companies have been underestimated by €300bn (US$449.1bn) in their last full year reports, AlphaValue research revealed.
16 November 2009
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United Kingdom
UK - Hermes Fund Managers has hired a six strong global equities team from Fortis.
16 November 2009
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South Korea
SOUTH KOREA/UK - South Korea's National Pension Service has agreed to buy HSBC Holdings' London headquarters for £772.5m (US$1.3bn) in cash.
16 November 2009
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Australia
AUSTRALIA/CHINA - Pension provider AMP has agreed a strategic partnership in asset management and pensions with China Life to exploit the opportunities arising from China's changing investment regulatory framework and ageing society.
16 November 2009
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Consultants
The Celestica (UK) Pension Plan has appointed Mercer to provide it with implemented consulting services.
16 November 2009
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Investment
There is an "accountability gap" in the investment governance of schemes of all sizes, a survey by Russell Investments reveals.
16 November 2009
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Defined Benefit
Pension deficits in UK banks and Europe's largest listed companies have been underestimated by €300bn (£268bn) in their last full year reports, AlphaValue research reveals.
16 November 2009
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