News

UK - Principles for Responsible Investment (PRI) and Enhanced Analytics Initiative are set to join forces with the aim of improving global investment research.

UK - Pensions reform minister Mike O'Brien has been replaced by Rosie Winterton as part of Gordon Brown's government reshuffle.

US - Amid the worst financial crisis for nearly eighty years, Republican presidential candidate John McCain has not revised his position in supporting workers investing a portion of the Social Security payments in Wall Street administered stocks.

GLOBAL - Pension funds upping exposure to emerging markets are not then reducing the emerging markets exposure inherent in their global equities mandates, this month's Global Pensions 100 Panel has found.

ICELAND - Iceland's government is still struggling to find enough resources to rescue its banking system and has called on the country's local pension funds to repatriate foreign assets.

UK/SOUTH AFRICA - JSE, the South African stock exchange and the FTSE Group have announced the launch of the All Africa 40 Index and the All Africa ex-South Africa 30 Index.

Flintshire County Council has appointed a panel of external advisers to provide investment advice to the Clwyd Pension Fund.

The worst ever month for fund performance; Pension deficit; European bank rescue plan in tatters amid savings stampede; Stockmarkets jittery ahead of key US bail-out vote

Employee confidence in pensions improved from 3pc to 22pc during 2008, a National Association of Pension Funds study reveals.

Life Trust Insurance has launched longevity hedging insurance product for defined benefit pension schemes.