News
United Kingdom
UK - The circa £3.6bn (US$6.9bn) London Pensions Fund Authority (LPFA) has awarded incumbent manager European Credit Management (ECM) £25m.
11 August 2008
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Uncategorised
MORE than 13 million people have never reviewed their pension plans, research from Baring Asset Management shows.
11 August 2008
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US
US - The fledgling pension buyout market in the US has been stopped in its tracks, following a ruling from the US Treasury this week that such transactions are unlawful.
11 August 2008
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US
US - Michigan's State Department of Treasury has denied there are political drivers behind the decision to set aside US$300m of the state pension fund to be invested in Michigan-based companies.
11 August 2008
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Mandates
THE London Borough of Enfield has re-appointed State Street to provide a range of services to its £520m superannuation fund.
11 August 2008
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Australia
AUSTRALIA - The current level of super guarantee is "not adequate" to deliver a decent level of income in retirement, superannuation minister Nick Sherry says.
11 August 2008
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South Africa
SOUTH AFRICA -The South African Social Security Agency (SASSA) has processed 5,000 applications for pensions from men aged between 63 and 64 since the new Social Assistance Amendment Act came into effect on 14 July.
11 August 2008
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Denmark
DENMARK - Denmark's biggest pension funds will have to report on corporate social responsibility (CSR) as part of new legislation currently under development by the Ministry of Economic and Business Affairs.
11 August 2008
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US
US - New Jersey's beleaguered pension system is expected to pay out US$5.1bn in retirement payments in the coming year, according to the Treasury.
11 August 2008
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United Kingdom
UK - Over 13 million people in the UK have never reviewed their pension plans and a further 2.2 million have not done so in the last five years, a study from Baring Asset Management has found.
11 August 2008
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