News

NEW ZEALAND - The Government Superannuation Fund (GSF) Authority has reported a pre-tax surplus of NZ$553m, representing a return of 14.9%.

UK - Over 50% of the top 200 company pension schemes are back in surplus as a side effect of the summer's credit crunch, according to research from Aon.

For many years, most institutional investors have been diversifying away from G7 by increasing exposu...

CONSERVATIVE MPs have promised to establish a pensions lifeboat fund to compensate scheme wind-up victims within the first three months of winning the next general election.

UK -A total of 7% of UK adults (3.2m people) are relying on property investments to fund their retirement, leaving them dangerously exposed to fluctuations in the UK property market and interest rate movements, according to Baring Asset Management.

US - San Bernardino County Employees' Retirement Association (SBCERA) has awarded Ashmore a US$125m emerging market local currency debt mandate.

GLOBAL - Goldman Sachs Asset Management (GSAM) has appointed Andre du Plessis as co-head of its global manager strategies (GMS) business and head of fiduciary business, EMEA.

BARING Asset Management has appointed Marino Valensise to take over as chief investment officer from Michael Hughes, who will retire at the end of the year.

ROYAL MAIL staff will carry out two 48-hour strikes in their dispute over pension reform plans and pay.

THE INVESTMENT Management Association has appointed Guy Sears as its new wholesale director.