News

SPAIN - Spanish pension funds' estimated median returns are positive for the month of August in all the three classes of assets they hold, despite median year to date estimated returns of -3.6%, a survey by Mercer has found.

US - Workers at Boeing have voted overwhelmingly to reject their latest pay and pensions contract offer and take industrial action against the company.

GLOBAL - A majority of employers are not in favour of the changes being proposed by the International Accounting Standards Board (IASB), according to Watson Wyatt.

UK - Local authority pension schemes will miss out on a good governance opportunity if draft proposals from Communities and Local Government (CLG) are introduced, Mercer warns.

INCLUDING: NETHERLANDS - PGGM appointment; UK - Grant Thornton private equity warning; US - CalSTRS seeks consultant; IRELAND - NPRF awards mandate to Principal

GLOBAL - Sustainable Asset Management (SAM) Group, Dow Jones Indexes and Stoxx have released results of the latest review of its sustainability indices.

NETHERLANDS - The €246m (US$355.6m) Dutch oil company pension fund Stichting Total Pensioenfonds sold its entire commodities portfolio earlier this year to capitalise on the profits it generated, chief investment officer Antoine Dellaert has revealed...

Government research which concluded there is little employer appetite for shared risk pension schemes is "flawed", a consultant says.

More than half of the UK's biggest equity pension funds have underperformed the FTSE All-Share for around 10 years, Hargreaves Lansdown research reveals.

A total of 3597 members from 15 pension schemes were transferred into the Pension Protection Fund in August.