News

Some 87% of trustees have reported the funding levels of their pension schemes have worsened since last year, Aon Consulting says.

Law firm Lovells has appointed Claire Southern as a partner in its pensions department.

IRELAND - The legality of measures to discontinue pension payments to former minsters still serving in parliament has been called into question by the Irish attorney general.

INDIA - India's pension market is poised to grow 39% year over year to 2013, according the Indian Pension Fund Market Forecast 2013.

RUSSIA - Aviva has agreed to acquire ING Group's non-state pension fund business along with its holding company in Russia, making it the largest foreign-owned manager of non-state pension funds.

GLOBAL - T. Rowe Price International has appointed Chris Alderson as president and chief executive officer, following the retirement of David Warren.

US- Greg Stahl, chief investment strategist of alternative investments at manager of manager SEI has resigned.

SWEDEN - The SEK8.1bn (us$988M) Pressens Pensionskassa has revealed it is at risk of losing around SEK102m invested in a troubled hedge fund. The hedge fund manager in question is now under investigation in relation to potentially overestimating the value...

US- Officials at iShares are making plans to fill vacant key roles and potentially shuffle its non-US personnel, as it breaks away from parent company Barclays and positions itself for overseas growth.

UK - Troubled building society Dunfermline has applied for its pension scheme to enter the Pension Protection Fund.