News

INCLUDING: Threadneedle enters US; Partners Group opens in Sydney; Fidelity real estate in Germany

UK - Professional Pensions, Global Pensions' sister publication covering the UK market, today launches its revamped website - www.professionalpensions.com.

The cabinet office has reappointed Hewitt Associates to provide actuarial services to the civil service pension arrangements.

US - Pension plans' funding ratios fell by an average 11% in the first quarter of 2008, resulting in an overall drop of almost 24% over the past nine months, according to UBS.

UK - The BP pension trustees have reappointed State Street to provide custody and related services for the £14bn (US$27.7bn) fund.

UK - IAS 19 has become unhelpful for city analysts assessing company share prices, according to the Pension Capital Strategies (PCS) 2008 survey.

SHORT term increases in AA corporate bond yields are masking the true funding levels of pension schemes, consultancy firm Redington Partners warns.

BELGIUM - Creating a robust cross-border pension market is a priority for the Belgian government, the Belgian Pensions Regulator (BPR) has said.

Professional Pensions has unveiled its revamped website.

VOLUNTARY pension contributions have almost halved in the past 12 months, latest research from Prudential reveals.