News

AUSTRALIA - Proposals by the Australian Prudential Regulation Authority (APRA) to publish fund data are "sub optimal" and could mislead investors, the Investment and Financial Services Association (IFSA) believes.

THE Pension Protection Fund has appointed Alan Rubenstein as its new chief executive.

SOME buyout insurers could reduce pensions in payment should deflation occur, Punter Southall warns.

NETHERLANDS - THE €20m (US$25.7m) Aena Pension Fund has appointed PGGM to provide it with pension administration and investment services.

LAW firm HBJ Gateley Wareing has appointed Michael Collins and Mario Conti as partners in its pensions team.

UK - The deteriorating economic climate will create new conditions for pension funds in the year ahead, according to BlackRock.

US - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the pensions of more than 500 employees and retirees of the Jane Addams Hull House Association in Chicago.

NETHERLANDS - ABP has reported a 28 percentage point drop in its coverage ratio, from 118% to 90%, since the end of the third quarter of 2008.

US - Retirement funds have a significant impact on their local economies, according to a study of investments held by the Retirement Systems of Alabama (RSA).

UK - The trustees of the Press Association Pension Fund have a completed a £60m buy-in transaction with Legal & General.