News

US - New York City pension funds dropped in value by 8.5% in Q3, but comptroller William C. Thompson Jr. said its diversification strategies had helped it weather the storm better than other public funds.

Employers need to help staff manage the effects of extreme market volatility on defined contribution pensions, PricewaterhouseCoopers says.

Pensions values decline by third; Dutch government injects €3bn into insurer; Banks may need further support from taxpayers as recession bites; London rises after Aviva reassures on capital; Distressed debt funds maintain tight secrecy as offerings abound...

More than 52 signatories to the Principles for Responsible Investment are urging 9000 companies to sign up to the UN Global Compact initiative.

The trustees of the Sensient Technologies pension scheme have appointed Premier Pensions Management to provide consulting and administration services.

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.