News

GLOBAL - On Friday, Global Pensions will launch its weekly edition, presented in the form of a digital magazine delivered to your desk.

ROWANMOOR Pensions has launched a life assurance scheme which will provide death-in-service benefits for all active members of its small self-administered schemes or family pension trusts.

US - A universal pension scheme has been suggested to address problems in the US retirement system, as part of a discussion paper published by economic and social policy research body Urban Institute.

NETHERLANDS - The pension age in the Netherlands should be raised to ensure fiscal sustainability, according to a report from the Organisation for Economic Co-operation and Development (OECD).

AUSTRALIA - The Labor Government has built upon the Australian superannuation savings system, to allow first-time buyers to save for a home deposit.

US - Residents in the city of Evanston are to vote tomorrow on a proposal to raise real estate transfer taxes by 20%, as the council looks for ways to plug unfunded liabilities of US$140m for its police and fire pension funds.

UK - Threadneedle has agreed to acquire Invesco Perpetual's defined contribution (DC) business for £470m (US$929m).

CUMULUS has launched a long-short equity fund in a bid to profit from the financial impacts of climate change.

GLOBAL - A set of good practice standards relating to the risk management of alternative investments by pension funds has been developed by the International Organisation of Pension Supervisors (IOPS).

GLOBAL - The Irish Pensions Board has engaged ten providers of legal and economic research and actuarial services to form an advisory panel of expertise.