News

Financial sector workers and members of Unite the union were striking outside the House of Commons this morning to campaign for better pension protection measures.

The West Midlands Pension Fund has awarded Capital dynamics a $150m (£96m) private equity mandate.

SOUTH KOREA - South Korea's National Pension Service, the nation's biggest investor, said it's buying stocks as the deepening credit crisis made equities cheaper.

NETHERLANDS - The €397m Dutch corporate pension scheme Internatio Muller St. Centraal Psf. is currently in the process of transferring its pensioner liabilities to Delta Lloyd after agreeing to be bought out by the insurance firm, pension fund director...

LATIN AMERICA - Following the Argentine government's move to nationalise the private pension fund industry, further bad news is likely from other Latin American countries, a Schroders' briefing note has warned.

NETHERLANDS - AEGON Group has taken a €3bn (US$3.76bn) capital injection as part of a wider programme instigated by the Dutch government to shore up the position of "fundamentally sound and viable banks".

FRANCE - A third of French people fear they will not be able to retire before the age of 65, while over half believe they will have to work into their retirement, according to a survey conducted by HR firm Kelly Services.

JAPAN - A record amount of Japanese households said they are worried about retiring because they lack savings, a central bank report showed.

Trustees will have to justify the money they spend on guaranteed minimum pension conversion especially in the current economic climate, Capita Hartshead says.

INCLUDING: UK - Govt must take sensible approach to annuities; AUSTRALIA - Requirements for disclosure of short sales; UK - NAPF announces keynote speaker at trustee conference; NEW ZEALAND - Guardians help drive world-wide initiative on corporate behaviour;...