News
Global
GLOBAL - Aegon is set to scale back business at its institutional markets division based in Kentucky, in a quest to counter the effects of an expected net loss for the fourth quarter of 2008 of €1.2bn (US$1.5bn).
17 February 2009
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Defined Benefit
Transfer values have been rising steadily despite significant falls in scheme funding levels, Hargreaves Lansdown says.
17 February 2009
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US
US - The state of Indiana has passed a Bill requiring public pension schemes to divest from companies investing in state sponsors of terrorism.
17 February 2009
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US
US- The Fresno County Employees' Retirement Association, Calif. has trimmed its hedge fund of funds allocation by nearly four percentage points a mere six months after adding the asset class to its portfolio.
17 February 2009
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Defined Benefit
The Pension Protection Fund levy should be capped and the government act as guarantor, the National Association of Pension Funds says.
17 February 2009
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US
US- Consulting firm Mercer has announced plans to acquire US-based consulting firm Callan Associates, creating one of the largest consulting firms in the US.
17 February 2009
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Australia
AUSTRALIA - The superannuation system "is strong, stable, and continues to deliver," but nevertheless requires changes to its operations, structure and cost akin to "renovating the house", Nick Sherry, minister for superannuation and corporate law, told...
17 February 2009
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Ireland
IRELAND - Plans to impose a pensions contribution levy on civil servants have been attacked by the Irish Labour party, calling the proposals "unfair" and demanding the government not make "scapegoats" out of the public sector.
17 February 2009
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Canada
US - The Canada Pension Plan Investment Board posted returns of negative 6.7% for the quarter ended December 31 on the back of weak equity markets.
17 February 2009
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Defined Benefit
The prime minister has ordered a major review of MPs' pension arrangements which could see the defined benefit scheme switched to defined contribution.
16 February 2009
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