News

THE Committee of European Insurance and Occupational Pensions Supervisors has published two reports.

Employer contributions fall; Flowers gets brush off from Friends

ENSURING members value and understand their pension is the toughest challenge for defined contribution schemes across Europe, a Mercer study reveals.

CANADA - The Canadian Post Registered Pension Plan outperformed its benchmark by 1.8% to produce a return of C$236m, taking the fund value to C$14.6bn (US$14.4bn) in 2007.

EUROPE - Almost half of defined contribution pension schemes do not regularly review the range or number of investment choices they offer members, according to a survey from Mercer.

JUST RETIREMENT is to extend its impaired annuity service as part of its ongoing Campaign for Better Annuities.

GLOBAL - Over three quarters of pension funds take asset managers' corporate culture into consideration when awarding mandates, according to the latest Global Pensions 100 Panel survey.

NORWAY - The Government Pension Fund - Global is to make real estate a separate asset class and expand its benchmark portfolio to include more emerging markets, finance minister Kristin Halvorsen has revealed.

UK - Scotland's new Local Government Pension Scheme (LGPS) has received support from members of the country's largest local government union.

UNISON has backed a new-look Scottish local government pension scheme.