News

NETHERLANDS - Ministry of finance officials met with the largest Dutch pension funds today to urge them to help bolster the Dutch economy.

Pension saving by women over 50 has been hit the hardest by the economic downturn, Scottish Widows research reveals.

CANADA - The shareholders of the Macquarie Communications Infrastructure Group (MCG) have ratified the acquisition offer made by the Canada Pension Plan Investment Board (CPPIB) in March.

The Universities Superannuation Scheme is in talks with global hedge fund managers to build up a direct exposure to the asset class.

The voluntary approach to voting record disclosure has failed and should be replaced with a mandatory system, the Trades Union Congress says.

Almost half of pension schemes intend to spend more time scrutinising the actions of their fund managers on engagement as a result of the economic crisis, a survey reveals.

Hercules trust secures cash injection from pension fund; Tim Jones: Former retail banker faces a mammoth pensions task; Cost of public sector pensions estimated at £1.2 trillion

Governments in the UK, US and Canada are "significantly understating" the liabilities and annual running costs of public sector pensions, the British-North American Committee warns.

US - The office of New York State attorney general Andrew Cuomo hit back at media reports suggesting he recused himself from the investigation of a company that he had ties with and allegedly received illegal kickbacks.

ITALY - Italian pension fund service provider PensPlan has appointed State Street to provide a range of investment services for €100m (US$140.6m) in assets.