News
Defined Benefit
Energy regulator Ofgem has started the next stage of its ongoing consultation on the pensions provided by gas and electricity providers.
19 October 2009
•
Bulk Annuities
Bulk annuity sales could hit £3bn this year after pension funds purchased more than £2.4bn during the first three quarters of 2009, Mercer says.
19 October 2009
•
Emerging Markets
The West Midlands Pension Fund has invested $50m (£30m) in the BlueBay emerging market opportunity fund.
19 October 2009
•
Press
Lindsay Tomlinson: realism of governance; High hopes for alternatives redraft
19 October 2009
•
Appointments
David Nish has been named as Standard Life's new group chief executive and will take over the post from Sandy Crombie on January 1.
19 October 2009
•
US
US - State and local North Carolina governments will have to increase their contribution rate into the North Carolina Retirement Systems to 6.71% to make up for an underfunded status, the state treasurer said.
16 October 2009
•
Australasia
AUSTRALIA - Three Australian pension funds have funnelled a combined A$66m (US$60.6m) into the global bond fund managed by Pengana Capital.
16 October 2009
•
United Kingdom
UK - The Pension Protection Fund levy should be limited beyond the current two-year time horizon, the National Association of Pension Funds said.
16 October 2009
•
Europe
EUROPE - The proposed European Union directive to regulate alternative asset managers could cost investors some €5bn (US$7.4bn), a report commissioned by UK regulator Financial Services Authorities found.
16 October 2009
•
US
US - The former head of the U.S. Securities and Exchange Commission said President Barack Obama should empower a "blue ribbon" panel to investigate pay-to- play at public pension funds that oversee more than US$2trn, Bloomberg reported.
16 October 2009
•
