News

Should the Pension Protection Fund take investment strategies into account when calculating risk-based levies?

AUSTRALIA - The Australian government must collaborate with the superannuation industry to remove some of the barriers that currently exist for people saving for retirement, according to members of the new Superannuation Advisory Group.

UK - The UK government missed an opportunity to improve structural issues in the inflation linked bond market, when its Budget revealed its borrowing would soar next year to £43bn (US$87bn).

US - A landmark ruling in the US, which proved individuals can sue plan sponsors for mishandling their retirement pot, is expected to expose plan sponsors to an increase in 'ambulance chasing' law firms touting for business.

US - Computer giant Apple has rejected moves by two major institutional investors to force the creation of a sustainability committee.

Just Retirement posts profits; MF Global warning adds to market worries; Credit Suisse warns on first-quarter profits; Fund managers get prepared for stagflation

FINLAND - The Finnish government has set up a pension forum to monitor and assess the implementation of reforms in the sector.

SWEDEN - The third and fourth AP funds have confirmed their commitment to responsible investing by sponsoring a survey focused on the human rights awareness of Swedish companies.

LEGAL & GENERAL has made a £62m takeover bid for self-invested personal pension provider Suffolk Life.

UK - For every pension fund there seems to be a buyout solution, but things become interesting when investment giants such as Goldman Sachs (GS) get involved.