News

US - The chairman of private equity firm Markstone Capital Group has pleaded guilty in the on-going investigation of pay-to-play kickback schemes at the New York State Common Retirement Fund (CRF).

IRELAND - The aggregate pension fund accounting deficit of the top 25 companies quoted on the Irish Stock Exchange and the top state-sponsored bodies totals €9bn (US$13.5bn), a study by Lane Clark and Peacock (LCP) revealed.

EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.

Local Government Pension Scheme reform could be used to help halve the budget deficit over the next four years, the department of communities and local government says.

The Universities Superannuation Scheme has diversified its property allocation in a deal with Henderson Global Investors' UK Retail Warehouse Fund.

UK - The Universities Superannuation Scheme has diversified its property allocation in a deal with Henderson Global Investors' UK Retail Warehouse Fund.

Towers Perrin and Watson Wyatt have been granted conditional clearance to proceed with their merger to form Towers Watson.

US/EUROPE - Towers Perrin and Watson Wyatt have been granted conditional clearance to proceed with their merger to form Towers Watson.

Pensioners get just half the annuity rate of 15 years ago; Lloyds slashes staff pension pots

Public sector pension funds across the world should be used for "social and environmental good" rather than be squandered by high-paid financiers on market speculation, a trade union says.