News

INCLUDING: NEW ZEALAND - Super reports lower than expected deficit; US - Hawaii ERS shows disappointing returns; US - Kentucky reforms agreed

EUROPE/MEXICO - The European Commission (EC) is to look at Mexico's social framework, with particular reference to the pensions sector.

UK - Mercer has been appointed investment consultant to the trustees of Manweb Group's £800m (US$1.5bn) defined benefit Electricity Supply Pension Scheme.

The recent rise above 4pc in long-term inflation expectations will have serious repercussions for defined benefit pension schemes, Redington Partners warns.

THE Association of British Insurers is set to publish a report on the importance of the sponsor covenant in defined benefit pension schemes.

GLOBAL - Pension funds agree with allegations by key industry figures there are too many "advisers" pulling trustees in different directions, according to the results of the latest Global Pensions 100 Panel.

IRELAND - The argument for reducing tax relief on pension contributions in favour of funding a higher state pension is 'fundamentally unsound' according to a report commissioned by the Irish Association of Pension Funds (IAPF).

HYMANS ROBERTSON is set to launch a service to provide schemes with data on how postcodes and income levels affect mortality assumptions.

Wall Street counts cost of poor hedges; Odey Asset Management shuts Japan hedge fund; Inflation shock leaves markets fearing three interest rate increases this year

UK - Union reacts to HSBC proposals, AUSTRALIA - Sherry in super talks, UK - Hermes Real Estate appointment, UK - Credit Suisse staffer gets his Barings