News

CANADA - A softer Canadian dollar prevented local pension funds being harder hit by falling global equity markets, according to RBC Dexia.

THE TI Group Pension Scheme has transferred £250m of assets to Legal & General in a partial buyout of its pensions in payment.

PENSIONERS are spending £23bn on rent every year, Friends Provident research reveals.

CHINA - The two-tier nature of Chinese company boards and the role of majority shareholders in electing independent directors that may be beholden to their electors are two major governance risk factors to minority shareholders invested in Chinese companies,...

INCLUDING: Korea - Standard & Poor's ups Korean coverage; Middle East - Citigroup expands services to region; UK - Deutsche Bank lists money market ETFs

SWEDEN - A temporary change in legislation resulted in the Swedish pensions system suffering a hike in liabilities, unmatched by any increase in assets.

UK - A plan by petrochemical company INEOS to close its final salary pension scheme to new members and reduce provision to existing members could threaten fuel supplies to the whole of the UK.

ERMITAGE GROUP has launched two London listed fund of hedge funds products.

US - US pension funds engaged in transition management are taking an active interest in the UK's T-Charter, according to the document's chairperson.

NETHERLANDS - APG and Cordares have signed a merger deal that will create one of the world's largest pension administration firms, with more than €240bn (US$382bn) of assets under management.