News

US - The US Treasury has announced the establishment of a temporary guaranty program for the US money market mutual fund industry.

Few employers provide education, advice or assistance to defined contribution scheme members ahead of retirement, Watson Wyatt says.

A pensions training service aimed at consultants for the private and public sector has been launched by Xafinity Paymaster.

UK defined benefit scheme lead participation in class action law suits has double in the past 12 months, the National Association of Pension Funds says.

Current market turbulence will put final salary pension schemes renewed pressure from sponsors who are "reluctant" to underwrite such volatile liabilities, Hargreaves Lansdown says.

Schemes with liability-driven investment strategies constructed using Lehman Brothers swaps and derivatives will face significant upheaval, industry experts say.

UK - The £550m (US$1bn) London Borough of Croydon pension fund has placed four separate mandates worth up to £500m out to tender, representing an almost entire restructuring of its portfolio.

UK - Local authority pension funds' non-participation in US securities class actions resulted in over £200m ($365m) being left on the table, according to GOAL Group.

US - Spector Roseman & Kodroff has appointed former Cohen, Milstein, Hausfeld & Toll partner Mark S. Willis to head its new Washington, DC office.

GLOBAL - A global network has been created to bring together institutional investors and academics in a bid to advance responsible investment.