News

AUSTRALIA - The Australian Bureau of Statistics has unveiled the Pensioner and Beneficiary Living Cost Index (PBLCI), providing a measure of price changes in living cost as they affect pensioners.

Market turbulence has tested the viability of the traditional investment consulting model, a poll by SEI reveals.

Almost nine out of 10 people think the government is not doing enough to encourage people to save for their retirement, Hymans Robertson research shows.

Banking on a pension?; Fair value accounting is only part of the answer

Xafinity Consulting has launched a multi-employer master trust which it claims combines the governance of a trust-based scheme with the low-costs associated with contract-based arrangements.

Balanced pooled funds strengthened in July with a median return of 6.2%, figures from BNY Mellon Asset Servicing show.

GLOBAL - HSBC has unveiled its first European ETF, the HSBC FTSE100, which is listed on the London Stock Exchange.

US - The Pension Benefit Guaranty Corporation (PBGC) reached an agreement with Western Union Financial Services aimed at strengthening the funding of the company's retirement plan.

THE NETHERLANDS - Pension fund investor APG has appointed Angelien Kemna as chief investment officer of APG and chief executive of APG Asset Management.

US - Fitch Ratings has downgraded the rating assigned to the Credit Enhancement Programme (CEP) sponsored by the California State Teachers Retirement System (CalSTRS) to AA+ from AAA.