News

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.

THREADNEEDLE has signed an agreement with Invesco Perpetual to acquire their full service DC pension business.

CANADA - Alberta schools and teachers' associations have agreed at the eleventh hour how to tackle a C$2.1bn (US$2.1bn) pension shortfall amassed before 1992.

NETHERLANDS - PGGM and ABN AMRO have completed a collateralised loan obligation (CLO) transaction to securitise Brazilian loans within the bank's portfolio worth US$850m (€585m).

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GLOBAL - A clear majority of pension funds - some 77% - would be willing to invest in certain asset classes without a benchmark, show the results of the latest Global Pensions 100 Panel.

RUSSIA - A new fund has been created to support Russia's pension systems, the country's finance ministry has announced.

UK - Watson Wyatt has welcomed the Pensions Regulator's (TPR) guidance on contract based pension engagement, but warned plan providers could do more to improve members' benefits.

THE Pensions Regulator has published guidance on voluntary employer engagement in group personal pensions.