News

UNITED ARAB EMIRATES - The Abu Dhabi Investment Authority (ADIA) said it returned 6.5% per annum for the past 20 years, providing its first peek into its investment operations since inception in 1976.

SOUTH AFRICA - Brian Molefe has resigned as chief executive officer of South Africa's Public Investment Corp., the continent's biggest pension fund manager, the company said.

Schemes looking to cut investment costs through the use of pooled funds actually face 30% higher annual manager fees, Lane Clark & Peacock warns.

UK - Schemes looking to cut investment costs through the use of pooled funds actually face 30% higher annual manager fees, Lane Clark & Peacock warned.

The government should prioritise encouraging people to save for their retirement rather than focusing on preserving tax relief, B&CE Benefit Schemes says.

Quarriers has chosen Punter Southall to provide full services to the trustees of its £23m defined benefit scheme.

Almost two-thirds (64%) of trustees say the economic events of the past 18 months have meant that pension de-risking has become a greater priority, MetLife Assurance research reveals.

Trustees miss a trick on fees; More schemes eye bulk annuities; Pensions opt for strategy experts over big banks; Reason to look again at CDC schemes; Pensions problem can't be solved by ministers' endless musical chairs

UK - The Pensions Regulator is appealing a court decision to stop its attempts to seek £2.1bn (US$3.2bn) from Nortel Networks on behalf of the struggling UK pension scheme.

The Pensions Regulator is appealing a court decision to stop its attempts to seek £2.1bn from Nortel Networks on behalf of the struggling UK pension scheme.