News

AUSTRALIA - Australians will be given access to benefit projections as part of the superannuation system, under a plan revealed this week by superannuation and corporate law minister Nick Sherry.

HEWITT ASSOCIATES has appointed Ian Bailey to boost its investment consulting team.

US - The Idaho Public Employee Retirement System (PERSI) ended the fiscal year at US$10.9bn having dropped -4.2% in 12 months.

Pensions minister steps into row over ASB proposals; Pension funds switch from equity; Private equity firms say pension reforms will hit economy; Research sheds light on how to diversify

Portugal's third pillar system has come under fire from the pension industry, with insiders questioning the need for a publicly-funded third pillar in competition with private options.

PUNTER SOUTHALL has launched a projected longevity generator in a bid to help trustees and sponsoring employers choose appropriate assumptions.

THE £330m Royal Borough of Kingston upon Thames Pension Fund is restructuring its entire portfolio following an investment review.

DENMARK - Danish pension fund giant ATP is looking at launching further into China, after its chief executive returned from a trip to the country earlier this week.

UK - Industry leaders in the UK have welcomed the Association of British Insurers' (ABI) report on insolvency risks and the role of sponsors' covenant as a "useful first step" but cautioned there is still a long way to go for it to be entirely useful....

GLOBAL - Crédit Agricole Asset Management (CAAM) has launched an equity fund focused on the agricultural sector.