News

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.

UK - Troubled corporate sponsors will be a major source of insurance business over the coming months, Pension Corporation says.

NETHERLANDS- Robeco has signed an agreement with a private equity partner in China and is on the hunt for a listed equity partner in a bid to increase its emerging market presence, chief executive George Möller says.

Troubled corporate sponsors will be a major source of insurance business over the coming months, Pension Corporation says.

US - Royal Dutch Shell faces a US$8.3bn pension fund deficit as a result of market volatility and falls in asset values, and will make "significant" cash contributions to its schemes as a result.

Universities Superannuation Scheme chief investment officer Peter Moon is to retire from the £23bn scheme early next year.

Two thirds of over 45s have yet to review retirement plans in light of the global economic crisis, research from the Hartford shows.