News
Law
US - The New York City Employees' Retirement System (NYCERS) will sue Apple's Steve Jobs and other key managers for the second time after an appeal court granted the pension fund the right to do so.
02 February 2010
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New Zealand
NEW ZEALAND - The New Zealand Superannuation Fund has invested US$125m in catastrophe-linked securities.
02 February 2010
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Property
Legal & General has launched an index-linked property fund in a bid to provide schemes with an alternative to index-linked gilts and bonds.
02 February 2010
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Mandates
The Greater Gwent Pension (Torfaen) Pension Scheme has invested £125m in a global equities mandate with Aberdeen Asset Management following a bfinance search.
02 February 2010
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Regulation
The Reader's Digest Association says The Pensions Regulator will not approve a rescue plan for its pension scheme, throwing the future of its UK business into jeopardy.
02 February 2010
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United Kingdom
UK/US - The Reader's Digest Association said The Pensions Regulator will not approve a rescue plan for its pension scheme, throwing the future of its UK business into jeopardy.
02 February 2010
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Defined Benefit
The NEC Group is proposing closing its final salary pension scheme to future accrual, affecting just over 40% of the permanent workforce.
02 February 2010
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Press
Pension fund assets rise 15pc to regain 2006 value; Pension blow for Readers Digest
02 February 2010
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Regulation
Trustees and administrators have been told to increase the quality of their record keeping after just 19% of schemes measured up The Pensions Regulator's guidance standards.
02 February 2010
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Hedge Funds
US - Hedge fund managers have downplayed any negative effects the US government's plans to curb bank activities with hedge funds could have on pension fund investors, saying many of those cut adrift from banks could set themselves up independently.
01 February 2010
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