News

The £3.6bn London Pensions Fund Authority has temporarily suspended stock lending on all of its shares.

MPs' fund benefits from falling prices; Giant pension fund suspends stock-lending scheme; Olivant suffers Lehman blow; Gloomy all-round picture in economic snapshots

The Pensions Management Institute is holding a seminar on how trustees should make the right decisions for their members in the current uncertain economic climate.

CANADA/US - A Canadian union has attacked the government over its silence on measures to protect pension fund savings and demanded action in the face of CAN$80bn (US$75.8bn) in losses since the end of March.

EUROPE - Fortis, the Dutch-Belgian bank that was partially nationalised earlier in the week, has dropped plans to form a partnership with Chinese bank and insurance company Ping An.

UK - The National Association of Pension Funds (NAPF) has attacked proposed new accounting rules for pension schemes as 'premature' and potentially damaging to the long term viability of defined contribution (DB) schemes.

UK - The Pensions Regulator has published its conflicts of interest guidance , designed to help trustees of occupational pension schemes and employers identify, monitor and manage the issue.

US - Risk management is the number one priority for businesses in the current environment, more important than retirement scheme planning and debt financing, according to data published by Towers Perrin and CFO Research.

UK - Almost a third of institutional investors plan to increase their allocation to commodity-based Exchange Traded Funds (ETFs) over the next five years, according to Lyxor.

UK - Defined benefit (DB) pension schemes are still in deficit but funding bounced back by £19bn ($34bn) last month, despite the market turmoil, according to Aon Consulting.