News

CHINA - China's social security fund is looking to invest almost 50bn yuan (US$7.2bn) in equity investments, and double that in private equity, by 2010.

HSBC moots retirement at 65, Should you be claiming back pension tax relief?, Number of pensioners in poverty rises to 2.5 million, Official statistics show that one in three pensioners is now living in poverty, Prudential defers again its decision on...

Educational charity Life Academy has been working with employers, trade bodies and unions to provide information and guidance to employees over 50.

UK - Rising inflation has significantly added to pension fund liabilities, while market fundamentals and technical signals look "ominous", according to research by consultant firm Redington Partners.

GLOBAL - Standards are needed to govern shareholder activism among alternative investors, the OECD has said.

GERMANY - DB ups CSR vision, AUSTRALIA - New accounts for Oz pensioners, UK - Hymans Robertson additions

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.