News

Workers on verge of retirement enjoy surge in annuity payouts; Improving the future for pensioners; Nationwide consumer confidence hits four-year low; Jury bides its time before ruling on a 'recession'

NEW ZEALAND - The number of people actively opting in to KiwiSaver is encouraging, according ING, the largest provider in the scheme.

GLOBAL - JPMorgan Investor Services is extending its Compliance Reporting Services product to assist clients in monitoring their Socially Responsible Investment (SRI) restrictions.

US - The stock market rally in April drove a 1.5% improvement in the funded status of the typical US pension plan, according to BNY Mellon Asset Management.

UK - AEGON UK posted disappointing Q1 results with a 63% fall in institutional asset management business compared to the same period last year.

INSPARO Asset Management is set to launch an Africa and Middle East hedge fund this month.

The Pensions Regulator has launched an online scheme maintenance system to improve communication between schemes and the organisation.

TD Waterhouse introduced five new benefits to its flexible benefits package at its first annual review.

SWITZERLAND - Only half of Swiss pension funds are hedging their currency exposure, according to Lusenti Partners' Swiss Institutional Survey.

THE YMCA Pension and Assurance Plan has appointed Xafinity to improve services for its 1700 members.