News

NORWAY - The NOK3.4bn (US$0.68bn) Aker Pensjonskasse has been forced to halt its plans for further investment in alternatives following the introduction of the Norwegian pension law earlier this year, according to MandateWire.

The "Sex and the City generation" is shirking financial responsibility, Friends Provident claims.

UK - The Accounting Standards Board (ASB) faced a wall of opposition from the pensions industry at a public meeting to discuss its proposals to overhaul the way pension fund assets and liabilities are calculated and reported.

UK - Scottish Widows has claimed it has had no contact with the company accusing it of giving negligent advice to around a hundred final salary pension schemes.

GLOBAL - Mercer's investment consulting business has undergone a management shake up as it moves to takes advantage of growing demand for implemented consulting.

Pensions actuaries under scrutiny; 'Saga generation' squeezed by credit crisis; Purnell: 'There is no such question at the moment'

GLOBAL - Standard & Poor's has launched two indices for the commodities and natural resources sectors.

EUROPE - The UK's National Association of Pension Funds (NAPF) has today endorsed the T-Charter and called for the establishment of a pan-European steering group to further develop the set of principals.

Professional Pensions has held its third Conjecture debate to discuss trustee liability.

LUCIDA has become the first pensions buyout firm to sign up to the Raising Standards of Pensions Administration Group's general statement of administration standards.