News

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

DUNCAN Howorth has been elected president of the Society of Pension Consultants.

UK - The government claims it has made significant progress on pensioner poverty, despite its latest statistics showing the number of pensioners in relative poverty has risen.

SOME 55pc of trustees believe sensitive governance information should not be held by their consultants, a survey reveals.

GLOBAL - Most pension funds investing in private equity are worried about 'strategy drift' affecting their managers' performance.