News

EUROPE - The European exchange traded fund (ETF) industry will exceed US$200bn next year in spite of the economic downturn, Barclays Global Investors (BGI) says.

THE Financial Reporting Council has urged trustees to be more vigilant over the actuarial assumptions they use.

US - New York's pension fund withdrew its money from three equity accounts, including two with Oppenheimer Capital LLC, state comptroller Thomas DiNapoli said.

AUSTRALIA - The Australian government has passed "critical" legislation to ban naked short selling and require the disclosure of any short selling in the country.

US - Milwaukee's Public Service Commission (PSC) has turned down a request from utility company Madison Gas and Electric to increase prices by $2.5bn to redress pension shortfalls.

US - Public pensions remain 'durable and resilient' but the current financial crisis means higher contributions will be required by most funds in the future, the bodies representing government plans have warned.

HERE it is - a full list of the winners of Professional Pensions' second Specialist and Alternative Investment Manager Awards.

HERE it is - a full list of the winners of Professional Pensions' second Specialist and Alternative Investment Manager Awards.

TRUSTEE boards must ensure any conflicts of interest which exist for their schemes secretary are recognised and dealt with, a lawyer warns.

COMMERCIAL law firm Beachcroft has re-launched its occupational pension scheme for its 1400 employees.