News

Emerging Asia equity markets have the greatest potential for gains over the next 10 years, a poll of UK pension funds reveals.

Chas A Blatchford and Sons has appointed Gissings Consultancy Services to provide advisory, trustee secretarial and administration services for its occupational pension scheme.

UK - The majority of UK pension schemes have selected emerging Asia as the region with the biggest potential for equity gains over the next 10 years, a study by Baring Asset Management has revealed.

GLOBAL - The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have agreed on the rapid appointment of a high-level advisory group to consider how improvements in financial reporting could help enhance...

UK - The Merseyside pension fund dipped in value this year by -1.3% to £4.26bn (US$7.5bn), its annual report reveals.

UK - A draft code of conduct setting out how the Pensions Regulator will use powers designed to curb pension scheme abuses has been cautiously welcomed by the industry.

Including: AUSTRALIA - ASIC extends ban on covered shorting; FRANCE - State injects €10.5bn into banking system; UK - Aon appoints EMEA benefit leader; GLOBAL - Rich-poor divide growing; DENMARK - Danish govt to abolish compulsory pension scheme

ARGENTINA - Argentine president Cristina Fernandez de Kirchner, grappling with a financial crisis that has frozen access to credit, will propose an overhaul of the pension system that may give the government control of $29bn in privately run retirement...

US - The New Jersey public pension funds incurred a dramatic loss during last month, posting a loss in excess of US$5bn in the value of their assets under management.

EUROPE - A better legal framework should be considered for European private pensions, the European commissioner for social affairs has said.