CANADA - The Ontario government will allow the Ontario Municipal Employees Retirement System to provide third-party investment and pension administration services.
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.
Barnett Waddingham has made Alison Hamilton, Sarah Brown, Paul Houghton and Matt Tickle partners of the firm.
Trustees of the Britannia Building Society Pension Scheme have filed a High Court claim against Eversheds, Mercer and Sedgwick Noble Lowndes over scheme equalisation advice.
BlackRock has agreed to buy Barclays Global Investors in a cash and shares deal worth $13.5bn (£8.15bn).
BlackRock has agreed to buy iShares as part of a $13.5bn (£8.15bn) cash and shares deal to purchase Barclays Global Investors .
UK/US - Officials at the newly acquired Barclays Global Investors (BGI) are making a bet that coming out from the Barclays Capital umbrella and becoming an independent firm will help assets grow quicker.
Pensions face perfect storm, warns HSBC; Fear of pension crisis grows as study shows more workers raiding savings; UK pension deficit eases as markets rise