News

Top Conservative MPs, including leader David Cameron, have signed an early day motion calling for a set of pensions regulations to be annulled.

Employers cannot afford to ignore the costs associated with deferred members of defined contribution schemes who have left the company, Towers Perrin says.

Pensions body seeks to change to payments; A man seeking favourable benefits; UK schemes seen switching to bonds; Paltry pension rise; Co-op asset managers warn against executive pay rises

US - The overall funding position of US corporate defined benefit (DB) pension plans rose during the first quarter of 2009, according to UBS Global Asset Management.

UK/US- Ulrik Walther has joined Pyramis Global Advisors, Fidelity Investment's institutional arm, as senior vice president and head of Europe, Middle East and Asia sovereign institutional business.

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

GLOBAL- Despite the talk about the increased need for risk management in light of the financial turmoil, most asset managers have not done enough to increase their risk management capabilities, a recent study found.

GLOBAL - Forty percent of pension funds with no exposure to emerging markets private equity (EM PE) are planning to invest in this class over the next one to five years, a survey by Coller Capital and the Emerging Markets Private Equity Association reveals....

US - A bill to move Denver Public School's (DPS) retirement system into the Colorado Public Employees' Retirement Association (PERA) was introduced on Friday 3 April in Colorado's legislature.

NETHERLANDS - Dutch telco KPN will pump €390m (US$527.6m) into its pension fund over the next four years in a bid to restore solvency under the terms of its recovery plan.