News

Pensions reform minister Mike O'Brien has been replaced by Rosie Winterton as part of Gordon Brown's government reshuffle.

US - Auditor and tax specialist, PricewaterhouseCoopers LLP (PwC), has agreed to pay $97.5m to settle three pension funds' claims in securities litigation against American International Group, Inc. (AIG), the Office of Ohio attorney general Nancy Rogers...

INVESTMENTS in gilts are at significant risk of losing value should supply of the fixed income asset increase in the future, Baring Asset Management warns.

UK - Principles for Responsible Investment (PRI) and Enhanced Analytics Initiative are set to join forces with the aim of improving global investment research.

UK - Pensions reform minister Mike O'Brien has been replaced by Rosie Winterton as part of Gordon Brown's government reshuffle.

US - Amid the worst financial crisis for nearly eighty years, Republican presidential candidate John McCain has not revised his position in supporting workers investing a portion of the Social Security payments in Wall Street administered stocks.

GLOBAL - Pension funds upping exposure to emerging markets are not then reducing the emerging markets exposure inherent in their global equities mandates, this month's Global Pensions 100 Panel has found.

ICELAND - Iceland's government is still struggling to find enough resources to rescue its banking system and has called on the country's local pension funds to repatriate foreign assets.

UK/SOUTH AFRICA - JSE, the South African stock exchange and the FTSE Group have announced the launch of the All Africa 40 Index and the All Africa ex-South Africa 30 Index.

Flintshire County Council has appointed a panel of external advisers to provide investment advice to the Clwyd Pension Fund.