News

Pensions Regulator accused of jail threat; Ministers rule out Pensions Bill changes; 2m pensioners £100 worse off, say Tories

WOOLWORTHS turned down a proposal by Iceland to buy its retail division partly because of scheme issues.

NEW ZEALAND/CANADA - Auckland International Airport and the Canada Pension Plan Investment Board have reached a settlement over the airport's claim for expenses incurred in responding to the pension fund's failed partial takeover bid.

US - Institutional portfolios have experienced the worst rates of return for over five years, according to Wilshire Trust Universe Comparison Service (Wilshire TUCS).

US - The Pension Benefit Guaranty Corporation (PBGC) has defended its new investment policy, after a report from a congressional watchdog warned it had underestimated the risks involved.

US - Private equity group Permira and News Corporation have announced an agreement to take digital pay-TV technology firm into private ownership.

INCLUDING: NETHERLANDS - PGGM to offer online savings to members; CZECH REPUBLIC - Czech pension funds' profits drop by Kc1.17bn; TAIWAN - Taiwanese lawmakers debate pension benefits for farmers; MEXICO - Mexico's state power utility changes pension rules;...

US - The US$234bn California Public Employees' Retirement System (CalPERS) has formally adopted its infrastructure investment policy.

NETHERLANDS - Dutch investment funds have suffered a 6% fall in net worth in the second quarter of this year, according to the latest figures.

LAST Thursday, Professional Pensions revealed The Pensions Regulator had removed authority for 29 pension schemes from an independent trustee firm.