News

AUSTRALIA - Australia's Labor party will usher in "major" changes to superannuation if it wins this month's election, Nick Sherry, senate candidate for Tasmania and shadow minister for superannuation and intergenerational finance, banking and financial...

THE NEW Pensions Bill has been introduced in the Queen's Speech at the State Opening of Parliament today.

HSBC Actuaries and Consultants is set to hold a series of free breakfast seminars to look at the different risks associated with funding pension schemes, alternative funding initiatives and buy-outs.

UK - Institutional shareholders could be hindered from attending, speaking and voting at company meetings unless urgent amendments are made to the new Companies Act, the government has been warned.

NETHERLANDS - PGGM's board has announced it will split policy-making from administration on 1 January 2008 when it divides into a pension fund and an administrative organisation.

Sainsbury left reeling after Qatar backs out; Risk of not getting it all back; Tory pensions challenge dismays industry; Norwich Union to return £40m

Including: AUSTRALIA - JPM appoints head of securities; DUBAI - Moody's moves into Middle East; UK - Barings appoints multi-manager head; UK - IAM appoints head of client relations; UK - New FD for Standard Life

COMBINED deficits of FTSE100 pension schemes have fallen by £44bn in the last 12 months, latest research by Pension Capital Strategies reveals.

UK - The total deficit of FTSE100 pension schemes has improved £44bn in the last year, but deficits could be underestimated by £40m, according to Pension Capital Strategies' (PCS) quarterly report.

PensionsFirst - a capital markets firm that will issue scheme-specific bonds in a bid to neutralise pension fund risks - has been launched today.