News

IRELAND - The argument for reducing tax relief on pension contributions in favour of funding a higher state pension is 'fundamentally unsound' according to a report commissioned by the Irish Association of Pension Funds (IAPF).

HYMANS ROBERTSON is set to launch a service to provide schemes with data on how postcodes and income levels affect mortality assumptions.

Wall Street counts cost of poor hedges; Odey Asset Management shuts Japan hedge fund; Inflation shock leaves markets fearing three interest rate increases this year

UK - Union reacts to HSBC proposals, AUSTRALIA - Sherry in super talks, UK - Hermes Real Estate appointment, UK - Credit Suisse staffer gets his Barings

DUNCAN Howorth has been elected president of the Society of Pension Consultants.

UK - The government claims it has made significant progress on pensioner poverty, despite its latest statistics showing the number of pensioners in relative poverty has risen.

SOME 55pc of trustees believe sensitive governance information should not be held by their consultants, a survey reveals.

GLOBAL - Most pension funds investing in private equity are worried about 'strategy drift' affecting their managers' performance.

AUSTRALIA - ING Investment Management (INGIM) has lost four members of its 20 strong Australian team, including directors Paul Cuddy and Mark East.

INCLUDING: US - Fed concern over inflation risk; PHILIPPINES - Pension fund bill passed; US - Detroit funds fight Yahoo