News

AUSTRALIA - The current crisis affecting the world's financial markets and institutions should not deter institutional investors from holding firm with their investment strategies, according to analysts from Russell Investment Group.

The £7.9bn West Midlands Pension Fund has appointed JPMorgan to provide currency hedging for its non-UK assets.

West Midlands Pension Fund chief pensions officer Mike Woodall is to retire in September after more than 14 years with the scheme.

The Netherlands should increase its pension age to ensure fiscal sustainability, an Organisation for Economic Co-operation and Development survey says.

THE insurance buyout market for defined benefit pension schemes is finally taking off, Aon Consulting claims.

Two new local government pension schemes have joined the Local Authority Pension Fund Forum taking its membership to 46 funds.

SINGAPORE - Morningstar has replaced Mercer (Singapore) as investment consultant to Singapore's state pension fund, the Central Provident Fund Investment Scheme (CPFIS).

The Pensions Advisory Service received a record 1020 calls to its women's helpline on the first day of operation.

Workers at aerospace company Goodrich held a second one-day strike on Monday after its final salary scheme was closed to new members.

Regulations critical to implementing the revamped Local Government Pension Scheme in April will be laid before parliament after a delay of almost 12 months.