News

GLOBAL - Fundamental pension reforms have been far more extensive in Asia and Central and Eastern Europe (CEE) than those in western industrialised countries, research shows.

UK - The government failed to respond to calls from the UK pensions industry to address a shortage of long-dated gilts when it announced in its pre-Budget report that borrowing was set to soar.

Freeze on savings ceiling limits scope for tax breaks; The pensioner; Misunderstood hedge funds suffered in mid-match rule change

NORWAY - The NOK202bn (US$28.79bn) Kommunal Landspensjonskasse (KLP), one of Norway's largest life insurance companies, has increased its loans portfolio by around NOK5bn will issue more loans to municipalities in the future, MandateWire reports.

US - Public pension plans exhibit prudent investment behaviour in bear and bull markets and do not get caught up in a "herd mentality" - even during turbulent times.

Trustee boards must adopt a more business like mindset to ensure schemes are run effectively, the Pensions Management Institute says.

THE National Association of Pension Funds has urged the chancellor to issue more long-dated debt.

ORTEC has appointed Andrew Slater as managing director of its UK office in a bid to expand its business outside of the Netherlands.

PENSION funds looking to invest in hedge funds should hold off until there is greater stability and current redemptions play their way through the system, Watson Wyatt says.

AVERAGE trustee salaries are increasing as the role becomes more onerous, Mercer says.