News

Nico Marais gives a thorough introduction to the strengths - and challenges - offered to pension funds by short extension strategies

Heather Dale talks to Richard McIndoe of the Strathclyde Pension Fund, one of the largest local authority pension funds in the UK, about alternatives and the introduction of a "new look" scheme

POOLED fund of hedge funds failed to achieve positive returns during the first quarter of 2008, figures BNY Mellon Asset Servicing says.

UK - The £600m (US$1.1bn) Delta Pension Plan has announced it has transferred the majority of the liabilities of its defined benefit (DB) scheme to the Pension Insurance Corporation (PIC).

UK - Cardiff pension fund has appointed Barclays Global Investors (BGI) as transition manager.

SWEDEN - Sweden's third AP fund has restructured its asset management operations to separate beta from alpha.

PENSION CORPORATION has agreed a £451m buyout to secure the benefits of the pension plan of steel products group Delta.

FINLAND - The challenges of an ageing population and rising health costs are posing risks to the long term sustainability of Finland's public finances, the OECD's annual economic survey of the country has warned.

UK - Changes to retirement savings laws due to come into effect in 10 months time could lead to savers facing significant tax penalties, according to Watson Wyatt.

THE department for work and pensions is consulting on introducing new types of pension schemes to more evenly share risks between employers and individuals.