News

ITALY - Private bank Union Bancaire Privée (UBP) has invested in Aletti Gestielle Alternative (AGA), a fund of hedge funds provider in Italy with €3.6bn (US$5.7bn) in assets under management.

US - The development of a "terror-free" index will allow pension funds to measure the financial impacts of state legislation limiting investments in companies linked to countries such as Sudan.

The Pension Protection Fund has confirmed changes to the valuation assumptions used for pension scheme valuations under section 143 and section 179 of the Pensions Act 2004.

THE government has published a second set of draft Financial Assistance Scheme regulations.

US - Defined contribution (DC) plan sponsors in the US lack vital knowledge about fees, according to a survey by Chatham Partners.

US - Texan senators have failed to reach conclusion after lengthy discussions over whether politicians should have a say in the investment policy of state pension funds.

UK - Changes to the valuation assumptions used for pension scheme valuations under section 143 and section 179 of the Pensions Act 2004 have been confirmed by the Pension Protection Fund.

Scheme managers are split over whether plans by The Pensions Regulator to include mortality assumptions as a funding trigger are a good idea.

THE Pensions Regulator's code of practice on dispute resolution has been laid before parliament.

US - State pension plans could create a bond insurer under a proposal mooted by California treasurer Bill Lockyer.