News

CHILE - Pension funds have posted losses of US$7.4bn year-on-year, following the fall in their equitiy investments during last month, Chile's Superintendencia de Pensiones has announced.

Tracesmart has been granted access to receive death registration information by the General Register Office.

Self-employed contractors should be allowed to join personal accounts in 2012, the Union of Construction, Allied Trades and Technicians says.

A "significant" divergence has opened up between the interest rates used to discount scheme liabilities and double A corporate bond indices, Mercer warns.

Almost 20pc of companies will switch to personal accounts for new or existing employees, a National Association of Pension Funds survey reveals.

Private equity firms need not fear the pensions regulator; Resolution recruits ex-FSA chief for £1bn flotation; Lehman drops 45pc on capital raising doubts; Opec cuts output to keep oil above $100

The Personal Accounts Delivery Authority has appointed Simon Richards as business delivery director.

UK - The Pension Protection Fund (PPF) will soon inherit the liabilities of its predecessor, the Financial Assistance Scheme (FAS), without gaining any of its assets, Global Pensions has learned.

NETHERLANDS - The €10bn ($14bn) PGB pension fund for the Dutch printing industry has awarded Threadneedle with a €60m Socially Responsible Investment (SRI) mandate.

US - An examination of more than 3,333 US equity products has shown Russell Indexes to be the most used index provider among institutional investors, according to Nelson Information's database.