News

Pension bodies call on earnings; Surge in employees past retirement age; Uneven challenge of baby-boom pensioners; German SPD presses for pensions to be extended

US - The California Public Employees' Retirement System (CalPERS), has joined a campaign by Californian health workers to reduce smoking and improve the health of state workers, despite the possibility of state retirement funds returning to tobacco investments....

UK - Most staff gravely underestimate how much their pensions cost employers, according to a survey from Aon Consulting.

US - A judge has ruled shareholders in the Yahoo case cannot go to an early trial over losses incurred through the failed takeover by Microsoft and cannot invalidate the company's proposed severance package.

GLOBAL - The Employees' Retirement System of the Puerto Rico Electric Power Authority (ERS-PREPA) has chosen Northern Trust for its asset servicing.

NORTHAMPTONSHIRE POLICE has appointed Xafinity Paymaster as its pensions administration provider.

GLOBAL - Signatories to the UN Principles of Responsible Investment (UNPRI) doubled in 2008 to 381, bringing combined assets under management to US$14trn.

UK - The House of Lords has been urged by industry organisations to amend the Pensions Bill to avoid additional costs to employers and harming existing employer provision.

FRANCE/KOREA - Strikes have erupted across France, and South Korea has set a date for action, as unions protest against pension reforms.

TURKEY - ING has agreed to pay €110m for Oyak Emeklilik, Turkey's only voluntary pension fund for private pension fund management.