News

US - The California Public Employees' Retirement System is striking back at a media report suggesting staff and trustees increased its exposure to private equity despite warnings from its consultant.

EUROPE - The vast majority of UCITS asset managers are set to consolidate their various companies as they prepare for the implementation of the UCITS IV directive.

GLOBAL - Pension funds in emerging market countries have outpaced those in developed countries as they recover from the financial crisis, a report by the Organisation for Economic Co-Operation and Development found (OECD).

EUROPE - The European Commission has adopted additional proposals clarifying the scope of the new European Supervisory Authorities.

NETHERLANDS - Dutch pension funds' returns for the second quarter are in excess of 7% and have come back to positive territory for the first time since 2007, data from the Dutch central bank De Nederlandsche Bank (DNB) revealed.

GP Noble is set to be wound up and struck off the official companies register, Companies House confirms.

Pension scheme liabilities could hit £1.2trn by the end of December as a result of a sharp decrease in AA corporate bond yields, Xafinity Consulting warns.

The Association of British Insurers has confirmed Maggie Craig as the trade body's interim director general.

The Local Authority Pension Fund Forum has given its backing to ongoing efforts designed to improve corporate governance and strengthen shareholder engagement.

Crisis costs pensions $5400; Time to put some effort into DC; Vanguard speeds up DC launch plans; Age-old problem of pensions and a shrinking workforce; Folly of forcing people to tear up retirement plans