News

FSA chief executive Hector Sants has said pension funds must shoulder some of the blame for the financial crisis and will play a crucial role in any recovery.

Trustees have been urged to publish the funding level of their defined benefit schemes on their websites in order for the market to fully understand the true value of companies.

US - Corporate pension funds lost more than US$300bn over 2008, although many have said they intend to keep equity allocations steady this year, according to consultants Watson Wyatt.

FINLAND - The Finnish government has withdrawn its plans to increase the pension age in increments from 63 to 65 from 2011, after reaching an agreement with the three main labour unions and employers.

Deutsche Bank has launched the world's first hedge fund index-linked exchange-traded fund.

Barclays Global Investors has hired David Gagnon as a director of transition strategy, where he will head the team which handles client portfolio restructurings.

International law firm Trowers & Hamlins has launched an online flexible benefits programme with Thomsons Online Benefits.

The Pension Protection Fund has confirmed it will not adjust its valuation assumptions in respect of Section 143 and Section 179 valuations.

Pooled fund of hedge funds achieved a median return of -12.1% during the final quarter of last year, BNY Mellon Asset Servicing figures reveal.

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