News

US - Teamsters Local 282 pension fund has filed a lawsuit against Moody's claiming the credit rating agency misrepresented the risk involved in structured products backed by sub-prime mortgages.

Almost all shareholders over-invest in their home markets because they consider the benefits of international diversification too small and costly, delegates heard.

The panel CHAIRMAN: Peter Keutgens, senior investment consultant, Watson Wyatt Keutgens is a member...

Redundant Remploy workers will keep their final-salary pension package if they take up new jobs with private companies under a government deal.

A Michigan pension fund is to sue BAE Systems, Europe's biggest defence contractor, following allegations of billion-dollar bribes made to Saudi Arabian officials.

MERCER has appointed Tony Pugh to the new role of head of defined contribution pension services in the UK.

Punter Southall has launched a Pension Protection Fund assessment period service to help trustees manage the challenges of entering the lifeboat fund.

AUSTRALIA - Industry superannuation funds showed the strongest growth of all super funds during the second quarter of 2007, according to the Australian Prudential Regulation Authority (APRA).

Public sector pensions would face a complete overhaul under a Liberal Democrat government, the party's annual conference heard.

Firms want a more back-to-basics approach to benefits, a benefits administration provider believes.