News

INCLUDING: GLOBAL - SWFs consider disclosure; US - Study reveals 60% of retirees could run out of money; MOZAMBIQUE - Minimum pension raised in Mozambique; AUSTRALIA - Super commissions revealed

US - Secretary of labour Elaine Chao has urged women to learn more about managing their earnings, as studies continue to show women lag behind men in retirement planning.

UK - The National Association of Pension Funds (NAPF) has urged the Accounting Standards Board (ASB) to revise proposals on the financial reporting of pension plans, warning they are likely to further weaken and erode UK defined benefit (DB) schemes if...

US - Experts have testified to Congress about the economic importance of pension schemes as long term investors and the central role they play in the US economy.

UK - The £620m (US$1.23bn) London Borough of Haringey pension fund has appointed Hewitt and Hymans Robertson to provide actuarial services and investment advice.

UK - Citigroup has confirmed the head of its insurance and pensions structured solutions group has left the bank.

UK - The performance of equity markets has been blamed for a worsening of the aggregate funding position of defined benefit schemes, with the surplus dropping by £45bn (US$89.3bn) in June.

INCLUDING: ASIA PACIFIC - HSBC senior appointment; UK - Watson Wyatt expands investment team; HONG KONG - FRM appoints Hong Kong CEO

GLOBAL - Many pension funds continue to shy away from mortgage-backed securities (MBS), despite claims there could be opportunities within the asset class.

ACCOUNTING proposals could lead to further erosion of UK defined benefit pension schemes, the National Association of Pension Funds warns.