News

NETHERLANDS - Losses on securities lending collateral invested in money market funds have dramatically hit Dutch pension funds, leading industry figures have told Global Pensions.

UK - The £562.4m (US$988m) London Borough of Tower Hamlets Pension Fund has postponed a decision on investing in private equity as tough market conditions have seen the value of the fund fall by over £100m since the end of March, MandateWire reports....

AUSTRALIA - Global asset managers recorded their lowest growth for five years in 2007, as total assets managed by the world's largest 500 managers grew by only 9% to US$69.4trn, according to Watson Wyatt.

THE Financial Services Authority is concerned "inappropriate remuneration schemes" may have contributed to the current banking crisis.

LOCAL Government Pension Scheme pass-through arrangements should not be rejected on the basis of "flawed" understanding of the risk-transfer issues, Punter Southall says.

THE National Association of Pension Funds has launched the final version of its best practice principles on investment advice to pension funds.

PAUL SEYMOUR is set to stand down as chairman of the Board for Actuarial Standards .

RISING inflation will have a number of implications for pension schemes, Watson Wyatt says.

US - Democrat presidential nominee Barack Obama has signalled support for waiving restrictions on 401(k) saving withdrawals as a temporary measure during the economic downturn.

INCLUDING: UK - TPR consults on TKU; US/UK - SSgA appoints global CIO; UK - Japan equities best placed to outperform; AUSTRALIA - Russell urges investors to hold steady