News

UK - Pension funds abandoning diversification strategies as a response to losses caused by market turmoil could miss investment opportunities, asset managers warn.

CANADA - Canadian communications company BCE has hired PricewaterhouseCoopers (PwC), in an attempt to rescue its takeover by an investor group led by the Ontario Teachers' Pension Plan (OTPP).

AUSTRALIA - The government has rejected a call from leading economists to drop compulsory superannuation contributions to 6% as part of an economic stimulus package.

UK - A sizeable minority of schemes feel they will miss funding recovery targets despite expecting contribution rises, Watson Wyatt has said.

A sizeable minority of schemes feel they will miss funding recovery targets despite expecting contribution rises, Watson Wyatt has said.

NETHERLANDS - Half of the top 10 pension funds in the Netherlands saw their coverage ratio drop to between 85% and 95% at the end of November, the Dutch Association of Industry-wide Pension Funds (VB) has revealed.

UK - The option for trustees to commute small 'stranded pension pots' of less than £2,000 (US$2,950) has been put on hold until the middle of 2009.

US - Leading Texas investors have discussed responses to the global economic downturn and the new emerging investment opportunities this has created.

US - An enhanced version of the T Standard, a metric used by investors to measure the performance of their portfolio during a transition, has been updated.

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