News

US - Five former San Diego city officials at the centre of the city's municipal bond offerings controversy have been charged with fraud by the Securities and Exchange Commission (SEC).

THE traditional "stop" approach to retirement is no longer working, latest government research reveals.

GLOBAL - Longevity and caring for elder relations and children is squeezing the baby boomer generation and putting retirement security at risk, the Hartford Financial Services Group has warned.

CLIMATE change investments have the potential to outperform traditional equity portfolios in the long term, Cowen Asset Management says.

AFRICA - Standard & Poor's has expanded its Africa Index Series with the addition of the S&P Pan Africa, S&P Africa Frontier and S&P Africa 40 indices.

EUROPE - The Committee of European Insurance and Occupational Pension Supervisors (CEIORPS) has released a report on the differences between solvency requirements and barriers to creating a truly harmonised European pension system.

INCLUDING: US - State Street names chief risk officer; UK/US - AIMA and MFA enter alliance; UK - NAPF releases conference video footage; US - Colorado's FFPA retains BNY Mellon

AN industry trade body has slammed "unreasonable criticism" faced by hedge funds.

GERMANY - JPMorgan has rolled out its Lifemetrics Index for pension funds in Germany to benchmark and trade longevity risk.

US - The Sacramento County Employees' Retirement System (SCERS) produced an investment return of -0.8% in the last quarter of 2007 but retained 8.4% over the calendar year.