News

ASIA PACIFIC - Mercer has created a role in its Asia Pacific region to provide investment solutions to mega funds.

Here they are - the winners of the UK Pensions Awards 2008.

GOVERNMENT and employee contributions to public sector pension schemes are significantly less than the cost of new benefits being earned, Watson Wyatt claims.

GLOBAL - Fears Europe is not as decoupled from the US slowdown as once thought may be behind a fall in investor confidence across the continent, according to State Street Global Markets.

AUSTRALIA - Foreign investment policy is to be changed in Australia to extend the timeframe for the development of vacant commercial land from 12 months to five years.

Ros Altmann has won the Pensions Personality of the Year award for the second time running.

US - New York City pension funds have filed shareholder proposals calling on the board of directors at seven companies to establish a protocol for acting on shareholder proposals that win majority votes.

NESTLÉ has appointed eShare as governance software provider to four of its pension schemes.

GRANGEMOUTH refinery workers have received backing from 50 MPs who are against the changes Ineos is set to make to members' pensions.

GERMANY - Energy firm Rheinisch-Westfälisches Elektrizitätswerk (RWE) has set up a pensionsfonds for its retired staff, according to MandateWire.