News

ITALY - The circa €660m (US$840.9m) open pension fund Arca Previdenza is set to receive new members following a decision by supervisory authority COVIP that the €3m Fondo Pensione Complementare Nazionale Famiglia will be liquidated, MandateWire reports....

THE Association of Member-Directed Pensions Schemes has announced its committee for the forthcoming year following its annual general meeting.

INVESTORS are better off saving for their retirement by depositing money into savings accounts than investing in occupational pension schemes, Ros Altmann warns.

Pension funds set to flee equities; UK pensions strategy needs complete rethink to be safe

THE aggregate funding position of the 7800 defined benefit funds monitored by the Pension Protection Fund worsened by £17bn in October, the lifeboat fund says.

SOUTH AFRICA - Trustees have a duty to recover profits made by pension fund administrators that have not been disclosed to pension schemes, the pension funds adjudicator (PFA) has ruled.

GERMANY - The German government is considering legislation that would make it more difficult for stealth takeovers such as Porsche SE's acquisition of shares in Volkswagen AG, the Finance Ministry said.

Previously considered an expensive but failsafe insurance solution, the financial security of pension fund buyouts is now being questioned as the world's financial markets lurch from crisis to crisis. Emma Oakman reports

GLOBAL - Mercer has launched a 'carbon footprint' analysis for institutional investors' portfolios, which can be compared to a chosen benchmark such as the FTSE All-Share, S&P 500 or Russell 1000.

ENVIRONMENTAL, social and governance risks are still being neglected by many fund managers, FairPensions warns.