News

Letters to the editor - Bring on the bonus years of working; Upsurge in credit derivatives defies fears; Carbon credit investors have money to burn; CBI warns of tough conditions

PENSION Corporation has met with pensions minister Mike O'Brien to discuss the extension of The Pensions Regulator's powers.

FRANCE - The French Pension Reserve Fund has announced it is to review all of its investment activities to take into account social and ethical considerations.

TURKEY - Cordea Savills has opened a property fund and Lyxor has launched an ETF to capitalise on Turkey's expanding economy.

UK - Pension Corporation says it welcomes government moves to protect the interests of pension plan members by giving the Pensions Regulator (TPR) additional powers.

GLOBAL - Almost half of asset owners in North America see liability mismatch as the biggest risk in managing their pension plan, compared to just 20% in Europe, research from State Street has revealed.

UK - Surrey County Council Pension Fund has dumped Schroders from managing a European equity mandate, according to MandateWire.

US - An advisory opinion issued by the US Department of Labor last week clears the way for US retirement scheme assets to be invested in cross-border pension pooling vehicles meeting certain requirements, Northern Trust has said.

US - The $22.6bn Iowa Public Employees Retirement System (IPERS) has awarded a US$150m mandate to GAM for its Asia-Pacific equities strategy.

Pension regulator gains new powers; Pensions paying out less than £1000; Pension funds criticise Rose's promotion; JC Flowers intensifies pressure on Friends