News

Companies raise pension longevity estimates; Kinnocks have six state pensions worth £185,000 per year, says think tank; BlackRock completes multi-plan mandate; Ways to address the democratic deficit; Don't give up on active managers

UK companies are putting aside £40bn in extra reserves to cover pension liabilities due to market uncertainty, a survey by KPMG reveals.

GLOBAL - Currency managers have failed to position themselves in the market as a mainstream asset class for pension funds despite attractive returns, an asset manager has claimed.

GLOBAL - One in ten investors is expected by its peers to default on commitments made to private equity funds in the next years, the latest survey by Coller Capital revealed.

Henkel International - the Sellotape and Pritt Stick manufacturer - has appointed BlackRock to manage €2bn (£1.7bn) of assets across five of its pension funds on a fiduciary basis.

One in five employees without alternative pension savings are likely to opt out of personal accounts, two thirds of attendees at Watson Wyatt's latest debating forum believe.

CANADA - The Ontario government will allow the Ontario Municipal Employees Retirement System to provide third-party investment and pension administration services.

Spotlight on public sector pensions

Tackling a lack of knowledge and confidence amongst those who fail to join occupational schemes could create a "step change" in improving savings, the National Association of Pension Funds says.

US - Private equity firm Riverstone Holdings agreed to pay US$30m to the New York State Common Retirement Fund (CRF) to resolve its role in the ongoing state investigation on corruption related to CRF.