News
US
US - The Pension Benefit Guaranty Corporation (PBGC) has been accused of making a "double or nothing bet" with its assets, in a desperate attempt to reduce its deficit.
25 February 2008
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US
US - Two pension funds have filed a complaint accusing internet company Yahoo's directors of personal resentment hurting shareholder profit.
25 February 2008
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United Kingdom
UK - Paternoster has clinched a deal to buy out the Chrysalis Group Retirement Benefits Scheme.
25 February 2008
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Uncategorised
CHRYSALIS GROUP has appointed Paternoster to administer its defined benefit pension schemes.
25 February 2008
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Uncategorised
HORNBUCKLE MITCHELL has been awarded a five star rating for its unique Flexible Income Pension Plan launched earlier this year.
25 February 2008
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US
US - Major US pension funds have been allocating significant mandates to managers of emerging markets funds to diversify their portfolios.
25 February 2008
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Australia
AUSTRALIA - Watson Wyatt has poached one of Mercer's senior asset consultants as Tony Arnold, formerly director of consulting, joins Watson Wyatt's Melbourne office.
25 February 2008
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South Africa
SOUTH AFRICA - Asset managers in South Africa have been given more flexibility to invest overseas, as the offshore allowance for pension funds was raised to 20% in the 2008 Budget.
25 February 2008
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US
US - Five US funds face a race against time to ensure their complaint against the directors of Countrywide Financial continues.
25 February 2008
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Central & South America
PUERTO RICO - The Government Development Bank (GDB) has postponed a proposed $2.4bn issue of pension obligation bonds slated for this week, citing poor market conditions.
25 February 2008
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