News
US
US - Unregulated credit default swaps (CDS), an insurance based scheme for bond and securities, have been cited as a major reason why 401(k) pension plans have suffered significant losses during the economic crisis.
28 October 2008
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Uncategorised
Membership of personal accounts could reach 7 million people by 2040 with scheme assets topping £200bn, its annual report predicts.
27 October 2008
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Appointments
BNY Mellon Asset Management is set to expand its UK pooled fund division and boost its defined contribution product offering.
27 October 2008
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Mandates
Essex County Council is looking to appoint an active global equity manager to run a mandate worth between £100m and £300m.
27 October 2008
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Defined Contribution
The combined value of defined contribution pension schemes fell by £157bn over the past 12 months, Aon Consulting figures reveal.
27 October 2008
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US
US - General Motors Corp., saddled with US$70bn in losses since 2004 and declining sales, will eliminate more than the 5,000 salaried jobs already targeted and stop contributing to some retirement-savings plans.
27 October 2008
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Press
Pension funds take £150bn hit; Yes, everyone really is funding pensions; Brussels begins crackdown on complex trading; Shares plunge as pound buckles; Credit markets hurt by bank debt guarantee
27 October 2008
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United Kingdom
UK - The combined value of defined contribution pension schemes fell by £157bn (US$242bn) over the past 12 months, Aon Consulting figures show.
27 October 2008
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US
US - Pension Benefit Guaranty Corporation (PBGC) director Charles Millard has claimed the agency is in a stronger position than a year ago, despite losses as a result of market turmoil.
27 October 2008
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Asia
ASIA - Global market turmoil has left credit availability in Asia largely unscathed, allowing Asian companies to continue to invest in their businesses, a study by Greenwich Associates has found.
27 October 2008
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