News

US - Legal action against custodians related to securities lending activities has intensified as a US law firm announced an investigation into the activities of Northern Trust Company (NTC) and Northern Trust Investments, N.A. (NTI), State Street Bank...

US - ETF Advisor k, a US-based open architecture retirement plan provider, has unveiled an exchange-traded fund (ETF) based retirement plan in which investors own the ETF shares in their account.

The Pensions Trust has appointed Lynda Howe as chairman of its board of directors and Keith Nunn as deputy chairman.

RUSSIA - The Russian government will allocate an extra R600bn (US$17.9bn) for social needs, the bulk of which is intended for pension and other off-budget funds, said Prime Minister Vladimir Putin in his speech to the state Duma yesterday.

Firefighters' Pension Scheme guidance which allows brigades to sack disabled and badly injured firemen without a pension is unfair, the Court of Appeal has ruled.

ARGENTINA - Argentina's March tax collection increased by 23% year-on-year largely due to pension contributions, data from the country's Federal Tax Agency (AFIP) reveals.

The Local Authority Pension Fund Forum has called on its members to oppose the remuneration report of US-based asset manager T. Rowe Price.

The Pension Protection Fund is considering raising its levy during periods of economic stability to offset lower payments during a recession, its new chief executive says.

US-based hedge fund manager GLG Partners has completed the acquisition of Société Générale Asset Management UK, the French bank's UK long-only business in a US$6.7m (£4.5m) deal.

Annuity returns have dropped significantly during the last month, showing level annuity returns are coming under pressure, Alexander Forbes Annuity Bureau says.