News
Australia
AUSTRALIA - Super funds must diversify away from equities and towards other assets to protect themselves against 'shocks' brought on by a lack of diversification, a report from Russell has recommended.
22 July 2008
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US
US - New York Life Retirement Plan Services (NYL) has launched bundled pension services for defined benefit (DB) union pension plans.
22 July 2008
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United Kingdom
UK - The Pensions Regulator's (TPR) announcement it will not backdate its stance on longevity and scheme funding has received a cautious welcome from the industry.
22 July 2008
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Hedge Funds
NEDGROUP Investments has announced its premium portfolio fund has raised around $35m (£17.5m) from institutional investors since its launch in February.
22 July 2008
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United Kingdom
UK - Newsquest Media Group pension scheme has allocated 10% of its market value to two funds of hedge funds, in a quest for diversification of assets and superior risk adjusted returns.
22 July 2008
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Press
Call for Equitable Life payouts to avert fall in confidence; HBOS underwriters hit with £100m paper loss; Aegon sets pace in deal to free capital; Unemployed will have to work in benefits shake-up
22 July 2008
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Netherlands
NETHERLANDS - The Will Niemeijer Pension Fund has appointed ING/AZL to a fiduciary contract.
22 July 2008
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Defined Benefit
THE Local Government Pension Scheme will not exist by 2012, a survey by Mercer reveals.
22 July 2008
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United Kingdom
UK - The £672m (US$1.3bn) London Borough of Tower Hamlets pension fund has selected Auriel Capital Management and Record Currency Management to handle its active currency hedging portfolio, according to MandateWire.
22 July 2008
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US
US/EUROPE - Wilshire Associates has appointed Michael Harriman as a senior managing director and head of Wilshire Analytics, Europe.
22 July 2008
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