News

US - Kentucky's governor Steve Beshear has hinted pension benefits could be cut, as the state attempts to deal with large unfunded liabilities that plague the system.

The new partnership at the helm of the department for work and pensions is the 13th "dynamic duo" to lead pension policy since Labour's return to power in 1997.

Disgruntled scheme wind-up victims still unhappy about improved Financial Assistance Scheme compensation risk undermining Pensions Action Group's achievements, a campaigner says.

UK - Cambridgeshire County Council has placed £700m (€942m) of equity portfolios out to tender after reporting dissatisfaction with its previous asset managers UBS and Schroders.

GLOBAL - A combination of strong returns from funds investing in traded life policies (TLPs) and stock market volatility have resulted in a huge increase in the amount of money institutional investors have invested in TLP funds, according to fund manager...

CANADA - The CAN$121bn (€82bn) Canada Pension Plan Investment Board (CPPIB) has acquired a 40% stake in Scotia Place, Edmonton.

CONSERVATIVE pensions spokesman Nigel Waterson was arrested after an alleged assault.

PRUDENTIAL has reported a 10pc increase in corporate pension sales in 2007, its latest new business results reveal.

Investors take record amount out of funds; Hedge funds suffer under burden of volatile markets; Cost of living rises for pensioners; Markets catch cold again as US fears persist

US - Proposals to tackle California's pension shortfall have been introduced to the California State Legislature.