News

CANADA - Caisse de dépôt et placement du Québec plans to issue C$8bn (US$7.6bn) worth of bonds in Canada, the US and Europe by the end of 2010 as part of a refinancing plan.

EUROPE - The revised text of the European Directive on Alternative Investment Fund Managers (AIFM) outlining limitations on ways hedge funds and private equity managers are paid has been released.

NETHERLANDS - The Dutch government's planned reform on retirement age which would see Dutch workers retiring at 67 instead of 65 came under the fire of the opposition parties during a parliamentary debate yesterday.

CANADA - The Canada Pension Plan Fund reported a 4.6% return in the quarter ending September 30, and a C$7.2bn (US$6.8bn) jump in assets.

Four-fifths of scheme managers and trustees believe sustainability issues will be an important factor in the performance of property portfolios over the next five years, latest research shows.

It would be a "huge wasted opportunity" should the crumbling political consensus lead to the abandonment of the 2012 pension reforms, the EEF says.

A merger deal between British Airways and Iberia, the Spanish airline, could be terminated should BA be unable to reach a funding arrangement with its scheme trustees.

The National Association of Pension Funds has written to FTSE350 companies urging executive pay restraint.

The Pensions Management Institute has strengthened its external affairs committee with the additions of Nigel Aston of PensionDCisions and Heather Quelch of Jardine Lloyd Thompson.

BA and Iberia agree merger; Costs cuts boost BT's earnings but pension deficit casts shadow; Myners backs insurers over EU capital rules; Insurers' relief over solvency rules short-lived as Ceiops bites; Pension funds warn companies: curb pay or face...