News

FIRST STATE INVESTMENTS has expanded its global equities team in a bid to meet pension scheme demand.

NETHERLANDS - PGGM's head of strategy and structured investments, Johan van der Ende, has been named chief investment officer.

KiwiSaver is being hailed as the shining light for UK pension reform but comparing the two would be like comparing apples with pears, a consultant warns.

Including: US - NYC faces $500m extra pension costs; SWEDEN - SEB pension insurers fined $5m; CANADA - BCE deal goes to appeal; AFRICA - Uganda backs reform

EUROPE - Decisions on pension reforms in pay-as-you-go (PAYG) systems should be made at the European level because of the negative implications for countries with fully funded systems, Dutch economist Yvonne Adema has argued.

FSA plan to halt use of surplus to pay mis-selling claims; Investors' role in high prices played down; The fightback starts here

MIDDLE EAST & NORTH AFRICA - Expanding growth and liquidity has made the Middle East and North African (MENA) one of the more attractive growth regions in the near future, according to senior figures at Pictet Funds.

CANADA - A call for a national summit on pensions has been welcomed by the Association of Canadian Pension Management (ACPM).

US - The political contributions of four companies in the US will be made known to shareholders, following pressure from New York City pension funds.

AON CONSULTING has launched a six-month wellness programme to encourage mental and physical health among its 50-strong benefits solutions office in Farnborough.