News

It has been a more than two years since the IORP Directive was due to be enacted by each of the member states. What has transpired since then? Are pan-European pensions now feasible? Frances Phillips Taft provides an overview of crossborder pension development...

UK - The £2.2bn (US$4.3bn) Avon Pension Fund and Bath and North East Somerset Council (Bathnes) has placed £250m of entirely new property mandates out to tender, split equally between domestic UK and overseas property.

WORKERS at aerospace company Goodrich will begin a second one day strike on Monday, February 11 after its final salary scheme was closed to new members.

NETHERLANDS - PGGM, which now manages the assets of Pensioenfonds Zorg en Welzijn, has shaken up its €484m (US$706m) commodities allocation.

Government loses pensions case at Court of Appeal; Study to assess pension impact; Gartmore calls for MCG chief's sacking

SWEDEN - Despite only producing a 4% annual investment return after costs, the second AP fund (AP2) finished 2007 SEK10.7bn (US$1.6bn) up on 2006, with a value of SEK227.5bn.

Threadneedle has acquired Invesco Perpetual's full service defined contribution pension business.

Prudential scrapped price inflation linked increases for its pensioners despite actuarial assurances that agreed additional funding would cover them, the scheme's retired manager claims.

AUSTRALIA - One in two people in Australia has a lost super account, according to new figures.

THE Pensions Policy Institute has appointed Matthew Annable as its new chairman.