News

GLOBAL - Russia's ruble and the Korean won slumped and borrowing costs for developing countries climbed to a five-year high as Argentina's planned seizure of pension funds stoked concern the nation faces its second default this decade.

A year on from the start of the credit crunch that saw many hedge funds and quant players go into meltdown, Giovanni Legorano examines how the quant approach is surviving

Professional Pensions and Friends Provident have teamed up to find out what changes you would make if you were running the Department for Work and Pensions.

Including: NORWAY - Oil fund to invest $2bn in India; UK - BT scheme part of King's Cross redevelopment; US - SIFMA calls for global regulator role; NETHERLANDS - Watson Wyatt appoints senior investment consultant; UK - Paternoster plans to achieve data...

SWITZERLAND - The Swiss government lowered the minimum return that retirement funds must pay their members after a crisis in financial markets hurt returns.

THE National Association of Pension Funds is establishing a group to develop ideas and discuss topical issues on how best to advise their members on investment decisions.

GLOBAL - A new environmental and social reporting standard will help banks, insurers and asset managers rebuild battered reputations, its developers have claimed.

GLOBAL - Barclays Global Investors (BGI) has poached Nizam Hamid and Yvonne Sandford from Deutsche Bank's exchange traded funds-focused team, Global Pensions has learned.

UK - The Universities Superannuation Scheme (USS) saw £4bn (US$6.5bn) wiped off its value in Q1 as a result of adverse market movements, according to the fund's annual report.

UK - More than 1,000 protestors are expected to lobby the UK parliament today to demand a higher state pension for both today's pensioners and future generations, according to the Trades Union Congress (TUC).