News

IRELAND - Irish pension funds posted losses of 3% for the month of December and 34% for the whole 2008, latest Hewitt Associates data shows.

The Pensions Regulator has reminded trustees they must consult with members before making specified changes to future pension arrangements.

The National Association of Pension Funds is to hold a meeting surrounding the role of trustees in corporate transactions in the New Year.

Defined contribution schemes will move increasingly to target date funds over the course of 2009 with greater emphasis on member engagement, industry experts claim.

eShare has called on The Pensions Regulator to emphasise the role of governance software in improving trustee knowledge and understanding.

BT members of two communication workers unions have given their "strong endorsement" to the proposed agreement on pension changes.

GLG Partners is to acquire the Societe Generale Asset Management UK, with the transaction expected to close in the second half of Q1 2009.

US - The Laborers' International Union of North America pension funds have called for more rigorous executive compensation reforms to improve the pay-for-performance features of each company's plan.

UK - GLG Partners is to acquire the Société Générale Asset Management UK, with the transaction expected to close in the second half of Q1 2009.

US - New York has unveiled reforms, including changes to public pension schemes, in a bid to eliminate the largest budget deficit in the state's history.