News

Two-thirds of people do not trust any political party to resolve the UK pension crisis, Defaqto research shows.

Gloucestershire County Council is looking to appoint a global equity manager to oversee a £1m to £2m brief for its pension fund.

Demand for buyouts has prompted consultants to drastically increase their staff, an exclusive PP survey reveals.

GLOBAL - High level pension fund professionals from across the globe have urged the Organisation for Economic Cooperation and Development (OECD) to take action to strengthen pension fund governance.

INCLUDING: EUROPE - Pan-European pension for EU researchers; US - Natixis launches HF replicator; NIM acquires pension fund administrator; US - Class action on ERISA breach

EUROPE - Proposals to suspend fair value accounting, aimed at improving market stability, have triggered a mixed reaction from the pension fund and asset management industry.

SOUTH AFRICA - The Federation of Unions of South Africa (FEDUSA) has declared its support for a lawsuit against Investec Employee Benefits (IEB), in which the South African Equity Workers Association (SAEWU) is seeking R4bn (US$470m) over allegations...

UK - Employee confidence in pensions as a way of saving for retirement has improved from 3% to 22% during 2008, a survey by the National Association of Pension Funds (NAPF) has found.

EUROPE - The Eurozone has officially entered into recession, with two consecutive quarters of negative growth, according to France's National Institute for Statistics and Economic Studies (Insee).

SWEDEN - The SEK13.6bn (US$1.9bn) corporate pension fund Postens Pensionsstiftelse has increased its infrastructure and property investments by SEK259m since the end of last year, MandateWire has learnt.