News

PIMCO has launched an unconstrained bond strategy in a bid to offer schemes the potential for higher returns.

US - The California Public Employees' Retirement System (CalPERS) has widened its asset allocation ranges for equities, global fixed income, real estate and cash, to deal with steep declines in global equity markets which saw it breach its policy.

SWITZERLAND - Healthcare is now more of a concern than retirement provision for the Swiss, according to the latest Credit Suisse Worry Barometer.

FRANCE - More than half of French workers doubt they will have an adequate pension, according to research by French national pension fund Caisse nationale d'assurance-vieillesse (CNAV).

The Pensions Regulator has published has put its draft material detriment code of practice out for consultation.

Fund management firms risk endangering investment performance and could alienate clients if teams dedicated to analysing environmental, social and governance risks are cut, FairPensions warns.

The Hooper Review into the future of the Royal Mail could recommend its estimated £7bn pension deficit is met by the government.

CBI calls for reform that will defuse "pensions timebomb"; Thorn pension scheme switch; Royal Mail is facing a pensions deficit of £7bn pensions hole; Final salary schemes are indefensible; Alarm bells ringing over security of covenants; Pension fund...

The £600m London Borough of Lewisham Pension Fund is re-tendering the contract for its independent investment adviser.

The Confederation of British Industry has called for the "Turner-style" independent commission to investigate the full extent of public sector pension liabilities.