News

UK - The government claims it has made significant progress on pensioner poverty, despite its latest statistics showing the number of pensioners in relative poverty has risen.

SOME 55pc of trustees believe sensitive governance information should not be held by their consultants, a survey reveals.

GLOBAL - Most pension funds investing in private equity are worried about 'strategy drift' affecting their managers' performance.

AUSTRALIA - ING Investment Management (INGIM) has lost four members of its 20 strong Australian team, including directors Paul Cuddy and Mark East.

INCLUDING: US - Fed concern over inflation risk; PHILIPPINES - Pension fund bill passed; US - Detroit funds fight Yahoo

US - The New York State Common Retirement Fund and a private equity company have committed US$2m to a state owned business.

XAFINITY PAYMASTER has appointed Matt Pittman to the new role of director of operations in a bid to expand its third-party administration business.

Banking giant HSBC is set to make changes to its defined benefit pension scheme leaving staff in a "precarious financial situation", union Unite says.

US - The California Public Employees' Retirement System (CalPERS) has revealed it had US$900m invested in LandSource Communities Development LLC, the real estate partnership which filed for chapter 11 bankruptcy protection this week.

THE trustees of the Manweb group of the electricity supply pension scheme have appointed Mercer to provide investment consulting services.