The number of schemes facing trustee recruitment problems has increased a third in the last 12 months but is still underestimated, Trustees GAAPS says.
GLOBAL - State Street Corporation has signed a lease for a new operations centre in Krakow, Poland.
Muse Advisory has been appointed as secretary of the P&O Ferries Trustee Board following its work to implement a new defined benefit scheme for the company earlier this year.
UK - Changes to pension fund details can be sent to the Pensions Regulator (TPR) instantly with the launch of its online tool 'Exchange'.
Workers on verge of retirement enjoy surge in annuity payouts; Improving the future for pensioners; Nationwide consumer confidence hits four-year low; Jury bides its time before ruling on a 'recession'
NEW ZEALAND - The number of people actively opting in to KiwiSaver is encouraging, according ING, the largest provider in the scheme.
GLOBAL - JPMorgan Investor Services is extending its Compliance Reporting Services product to assist clients in monitoring their Socially Responsible Investment (SRI) restrictions.
US - The stock market rally in April drove a 1.5% improvement in the funded status of the typical US pension plan, according to BNY Mellon Asset Management.
UK - AEGON UK posted disappointing Q1 results with a 63% fall in institutional asset management business compared to the same period last year.
INSPARO Asset Management is set to launch an Africa and Middle East hedge fund this month.