News

US - The New York Attorney General has brought charges against the ex-chairman of the New York liberal party and accepted a guilty plea from a hedge fund manager accused of engaging in pay-to-play schemes involving the state's pension fund.

MEXICO - Total assets managed by Mexican pension funds increased by 10.7% year-on-year, reaching MXN970.11bn (US$74.6bn) at the end of the first quarter of 2009, data by CONSAR show.

US - The pension fund buyout model may strengthen defined benefit (DB) plan provisions but could also pose unquantified risks to the system, a report by the Government Accountability Office (GAO) has said.

Pension Corporation is in talks with a defunct quango over the sale of its defined benefit pension scheme.

The Pension Protection Fund's financial situation might drive trustees to consider a buyout to prevent their scheme falling into the lifeboat fund, Paternoster says.

rpmi has unveiled its pension toolkit for employers to encourage employees to take responsibility for their retirement.

Third-party administrator MNPA has replaced its existing accounting software with a financial management programme from Profund.

Andrew Drake, the co-founder of P-Solve Asset Management, has rejoined the business as a managing director.

£240bn final-salary pension deficit threatens to swamp lifeboat; Pensions tribunal acted beyond its powers

POLAND - Investment restrictions on Polish Open Pension Funds (OPFs) in other European member states have been found to be in breach of a key European investment law.