News

RISKMETRICS has rebranded Institutional Shareholder Services following its takeover of the corporate governance firm earlier this year.

USA - The Teachers' Retirement System of Louisiana (TRSL) has achieved high growth for the fiscal year 2006-07 with a total return on assets of 19.67%, compared to 14.3% over 2005-06.

RELIANCE on assets such as property and tax-free savings vehicles puts pensioners at risk of running out of money in retirement, State Street Global Advisors warns.

Northern Rock plans fresh push for sale as savers withdraw £2bn; Former Fed chief says era of low inflation is over; ABN chief talks down Barclays; Investment banks report

SOUTH KOREA - Prudential Investment & Securities Co. Ltd (PISC) is to launch a utilities fund for institutional and private investors in the South Korean market, sub-advised by ANB AMRO.

US - The US Pension Benefit Guaranty Corporation (PBGC), which acts as a safeguard for underfunded and failing pension funds, has released its strategic plan for the fiscal period 2008-11.

GLOBAL - Most pension funds are failing to actively engage with ‘Generation Y', the generation now in their twenties, found the results of September's Global Pensions 100 Panel.

AUSTRALIA - Superannuation savings recently recorded the largest quarterly increase since statistics were first collected, according to the Association of Superannuation Funds of Australia (ASFA).

NETHERLANDS - Peter Borgdorff will leave the association of industry wide pension funds (Vereniging van Bedrijfstakpensioenfondsen VB) to join PGGM as executive office director.

UK - Barclays Global Investors (BGI) has been awarded a commodities mandate worth around £25m by the Ernst & Young Retirement Benefit Plan, which is in the final stage of its investment strategy shake up.