News

MEXICO - Mexican pension funds have agreed to invest only in local securities for the rest of the year in a bid to support the country's efforts to reactivate the national economy.

Advisers should remind clients to keep pension planning at the forefront of their business and undertake reviews ahead of schedule due to the economic downturn, Zurich says.

The majority of trustees are eager to remain in their roles, with 86% keen to continue despite the tougher conditions, Aon Consulting research shows.

MN Services, the Dutch pension fund and investment manager, has confirmed it has joined the class action case against Royal Bank of Scotland as a co-lead plaintiff.

Regulations which implement two recommendations from the 2007 deregulatory review of private pensions have been laid before parliament.

MPs blame Myners for pensions blunder; Friends 'back in business' despite rising losses

NETHERLANDS - MN Services, the Dutch pension fund and investment manager, has confirmed it has joined the class action case against Royal Bank of Scotland as a co-lead plaintiff.

NORWAY - The Government Pension Fund-Norway, also known as the Oil Fund, increased its allocation to Russian equities when many investors were moving the other way.

AUSTRALIA - A 'secret' loophole allowing unemployed workers to be shifted to more expensive superannuation funds has been branded "unconscionable and outrageous" by senator Nick Sherry, the superannuation minister.

Here they are - the winners of the Global Pensions 10th Anniversary Awards.