News

UK - Improvements to the biology of aging could affect the longevity funding issue for defined benefit (DB) schemes a panel discussion organised by Punter Southall found last week.

UK - Almost half of defined benefit (DB) schemes have shifted their asset allocations from equities to bonds over the past 12 months, data from Aon Consulting has revealed.

AUSTRALIA - Investment in China has been opened up to superannuation funds with an agreement between the Hong Kong Securities and Futures Exchange and Australian Securities and Investment Commission (ASIC).

GLOBAL - Investors have backed calls for the reform of credit ratings agencies (CRAs), a survey by the CFA Institute has found.

AUSTRALIA - Australians will be given access to benefit projections as part of the superannuation system, under a plan revealed this week by superannuation and corporate law minister Nick Sherry.

HEWITT ASSOCIATES has appointed Ian Bailey to boost its investment consulting team.

US - The Idaho Public Employee Retirement System (PERSI) ended the fiscal year at US$10.9bn having dropped -4.2% in 12 months.

Pensions minister steps into row over ASB proposals; Pension funds switch from equity; Private equity firms say pension reforms will hit economy; Research sheds light on how to diversify

Portugal's third pillar system has come under fire from the pension industry, with insiders questioning the need for a publicly-funded third pillar in competition with private options.

PUNTER SOUTHALL has launched a projected longevity generator in a bid to help trustees and sponsoring employers choose appropriate assumptions.