News

EUROPE - The New Year will herald in an investment environment radically different to the past two decades, consultant Watson Wyatt warns.

AUSTRALIA - The standard of employer-nominated default funds for superannuation savings should be improved and fees brought down, the Australia Institute and Industry Superannuation Network have proposed.

ROMANIA - Interamerican Pensions is set to takeover Bancpost Pensions - Romania's eleventh largest fund in the mandatory private pensions market.

CURRENT double-A corporate bond yields throw doubt on the validity of current accounting standards, Barnett Waddingham says.

PIMCO has launched an unconstrained bond strategy in a bid to offer schemes the potential for higher returns.

US - The California Public Employees' Retirement System (CalPERS) has widened its asset allocation ranges for equities, global fixed income, real estate and cash, to deal with steep declines in global equity markets which saw it breach its policy.

SWITZERLAND - Healthcare is now more of a concern than retirement provision for the Swiss, according to the latest Credit Suisse Worry Barometer.

FRANCE - More than half of French workers doubt they will have an adequate pension, according to research by French national pension fund Caisse nationale d'assurance-vieillesse (CNAV).

The Pensions Regulator has published has put its draft material detriment code of practice out for consultation.

Fund management firms risk endangering investment performance and could alienate clients if teams dedicated to analysing environmental, social and governance risks are cut, FairPensions warns.