News

UK - The Pension Research Accountants Group (PRAG) has overwhelmingly rejected a proposal by the Accounting Standards Board (ASB) to force pension schemes to recognise their actuarial liability to pay pensions in the future.

UK - The £1.45bn (US$2.89bn) Royal County of Berkshire Pension Fund has placed mandates for infrastructure and emerging market debt worth in the region of £160m out to tender.

GLOBAL - A socially responsible investment (SRI) global equity allocation could produce 40 % lower CO2 emissions than a conventional portfolio indexed to the MSCI World, a study by Pictet Asset Management (PAM) has shown.

HALF of Britons are not adequately saving for retirement, Scottish Widows research reveals.

WATSON WYATT has hired Jagdeep Singh Bains as a senior investment consultant to its newly launched quantitative research and investment systems group.

UK - James Purnell, secretary of state for Work and Pensions, is planning to commission formal research to assess the impact of more member nominated trustees (MNTs).

US - The under funding of Kentucky's public pension system should immediately start to ease after the state governor signed a reform bill last week.

CHINA - The National Council for Social Security Funds (SSF) has selected five MSCI Barra international equity indices to benchmark its externally managed funds.

INVESTORS will have more choice from October following changes to pensions rules allowing protected rights to be held in self-invested personal pensions, the government announced.

AN amendment to the Pensions Bill allowing risk-sharing schemes is the government's "last chance" to boost workplace pensions, the Association of Consulting Actuaries says.