News

GLOBAL - OECD countries have been warned of the growing importance of developments in non-OECD economies, as they attempt to ride out the effects of a "near-perfect storm".

GLOBAL - Total assets of the world's largest 300 pension funds grew by over 14% in 2007 to around US$12trn, according to Watson Wyatt.

INCLUDING: UK - Watson Wyatt consultant appointments; IRELAND - ACE launches Irish trustee protection product; UK - Henderson announces CIO; UK - Inflation reaches 9% for pensioners

Fresh pension fund fears; More Economic forecasters predict recession over the next 18 months; Economy: OECD predicts UK recession this year

UK - The Pensions Regulator has demanded a private equity firm pay an £8m (US$14.2m) pension fund top-up to a firm it sold almost a year ago.

UK - Directors at the UK's top companies enjoy pensions worth up to 25 times more than most staff pensions, according to the Trades Union Congress (TUC).

UK - Pension Insurance Corporation (PIC) been selected to buy out the £42m (US$74.7m) UK Can Pension Plan, in a deal which will see it provide greater benefits than currently paid by the Pension Protection Fund (PPF).

GLOBAL - Total assets of the world's largest 300 pension funds grew by over 14% in 2007 to around US$12trn, according to Watson Wyatt.

IRELAND - Irish pension managed funds have seen a positive return of 2.4% for the month of August, according to Hewitt Associates.

Lancashire County Council has gone out to tender for a UK and global equity enhanced indexation manager for its £3.6bn pension fund.