News

Pension fund body pushes up standards; Pension liabilities offset equity gains

Some 30% of trust-based defined contribution schemes have breached retirement disclosure regulations, a report by The Pensions Regulator revealed.

SWEDEN - AP2 chief investment officer Johan Held has resigned after nearly 18 months to join AFA Försäkring, an insurance company owned by Sweden's labour market parties.

EUROPE - The European Commission has adopted additional proposals clarifying the scope of the new European Supervisory Authorities.

GLOBAL - The Caisse de dépôt et placement du Québec (Caisse) and AXA Private Equity have entered into a partnership aimed at helping Québec and European-based businesses expand internationally.

AUSTRALIA - The Australian Government Employees Superannuation Trust (AGEST) has appointed Millennium Global Investments to run an A$270m (US$240m) active currency overlay mandate.

FRANCE - Investment returns at the Fonds de Réserve pour les Retraites (FRR) are up 12.8% since the start of the year helping to bring its total assets to €31.9bn (US$47.2bn), the pension fund said.

The European Commission has adopted additional proposals clarifying the scope of the new European Supervisory Authorities.

Growing pension liabilities reported in UK plc's company accounts at year end could shock shareholders as the impact of falling bond yields is felt, PricewaterhouseCoopers warns.

Some 30% of trust-based defined contribution schemes have breached retirement disclosure regulations, a report by The Pensions Regulator reveals.