News

EUROPE - Leaders of the Eurozone nations, plus Britain, have agreed on a "concerted action plan" to boost ailing stock markets across the continent.

AUSTRALIA - Retirement benefits should be raised and the government should promote investment in renewable energy in a bid to stimulate the economy, the Australia Institute has said.

UK - Weaker regulation could lead to "significantly stronger" funding requirements, The Pensions Regulator (TPR) has warned.

The aggregate funding position of 7800 defined benefit funds monitored by the Pension Protection Fund fell by £43.6bn in September.

Plunging share prices take £150bn off pensions value; Investors worried about dilution of shares; Hedge funds driving stock collapse; Retirement cost to hit £1m for those over 100

UK - Specialist manager evaluation firm Inalytics has launched a monthly transparency report as a further tool for pension funds to monitor the managers they have selected.

INCLUDING: UK/CANADA - Hermes signs contract with Algorithmics; UK - 75% choose job based on pension; UK - HSBC launches climate change programme; UK - Permal launches opportunities fund; UK - PPF 7800 index posts £43.6bn drop in September

PERMAL Investment Management Services is set to launch a hedge fund opportunities offering.

Hewitt Associates has teamed up with data analytics firm PensionDCisions to launch a governance and risk management product for trust and contract-based defined contribution schemes.

The cost of pension regulation is spiralling out of control, National Association of Pension Funds chief executive Joanne Segars warns.