News

US - A new tier of retirement savings must take into account market and interest volatility to be effective, researchers at the Center for Retirement Research (CRR) at Boston College have said.

AUSTRALIA - The Government has taken more action to strengthen its markets against abusive and manipulative trading techniques, with an indepth review of practices.

INDIA - Employees of the Reserve Bank of India (RBI) are to stage a mass casual leave at the beginning of December, calling for restoration of pension arrangements for retired employees.

Early access to funds in pension schemes could boost retirement income by a third, a Pensions Policy Institute report claims.

AUSTRALIA - Senator Nick Sherry, minister for superannuation and corporate law has formally launched the Capital Markets Co-operative Research Centre, designed to focus on market manipulation and fraud.

UK - Early access to funds in pension schemes could boost retirement income by a third, a Pensions Policy Institute (PPI) report claims.

US - Corporate pension funds posted a record asset value loss in October, according to a Milliman survey released Monday.

Including: NORDICS - JPMorgan expands custody services; ASIA PACIFIC - Yorkville opens Hong Kong office; UK - Longevity ranked second biggest risk to schemes

GLOBAL - Most managers of global equities funds are cautious on the outlook for the markets and expect a deeper recession than in the early eighties, according to Standard & Poor's.

US - The Pension Benefit Guaranty Corporation (PBGC) overall deficit has been reduced by almost US$3bn, its annual management report reveals.