News

US - An amendment to legislation which would waiver the 10% early withdrawal penalty for US homeowners who use retirement savings to avoid foreclosure will still be pursued, the office of US Senator Bill Nelson confirmed to Global Pensions.

SOUTH KOREA - The National Pension Service, the world's fifth largest pension fund with US$200bn in assets, has said it is in talks with a couple of foreign banks over stake purchases and will also buy as much as 9trn Korean Won (KRW) ($8.9bn) of South...

ROMANIA - Fondul Proprietatea has announced a list of investment managers hoping to take part in the management of the scheme.

AUSTRALIA - Senator Nick Sherry, minister for superannuation and corporate governance, is to deliver a keynote address at the Global Pensions Westpac Institutional Bank Sydney Currency Forum.

US - Pension fund investment consultants risk being sued for failing to consider strategies which only later became common if a lawsuit against Mercer gains traction.

Innovation in investment has helped pension schemes weather market turbulence and return to deficit levels similar to a year ago, Aon Consulting says.

Jardine Lloyd Thompson underlying trading profits are up by 9pc to £44m, its interim results reveal.

HGI acquires three retail malls; EDF bid for British Energy in tatters; Outlook grim for Trinity Mirror; Pensioners are a blessing, not a problem; Pension savers hit by delays

Hackney Borough Council has gone out to tender for an administration and pay roll provider for its £685m pension scheme.

Now is the perfect time for employers to consider carrying out an enhanced transfer value exercise, industry experts say.