News

AUSTRALIA - Nearly nine out of ten Australians would support ‘soft compulsion' as a painless and flexible way to boost their super, according to the Association of Superannuation Funds of Australia (ASFA).

US - The New York State Common Retirement Fund (CRF) is looking to divest from companies doing to business in Iran, if they fail to explain steps they have take to minimise risk to the pension fund.

INCLUDING: UK - Punter Southall recruits principal; UK - Orchard buys property for pension fund; AUSTRALIA - Vanguard announces management restructure; UK - C&W looks at options for pension funds; GLOBAL - State Street appoints European portfolio solutions...

IRELAND - The pensions green paper gathered mainly positive feedback at an Irish Association of Pension Funds (IAPF) debate held last night, after receiving a lukewarm welcome upon its release.

Media group Emap has sold its two largest defined benefit pension schemes to buyout specialist Paternoster.

The London Borough of Islington Pension Fund has awarded BNY Mellon Asset Servicing a £718m global custody mandate.

US - The California Public Employees' Retirement System (CalPERS) has approved guidelines for its engagement with federal lawmakers and regulators on proposals affecting investments.

UK - Sainsbury's two defined benefit (DB) pension schemes posted a year to date surplus of £228m (US$456m) compared to a deficit of £276m at the same time last year.

UK - Hewitt Associates has accused the Pension Regulator of putting trustees under extra pressure in its draft clearance guidance, released yesterday.

ARGENTINA - ING has announced the takeover of Argentine pension fund Origines AFJP and annuity company Origenes Seguros de Retiro in a deal worth US$280m, making ING the largest pension fund manager and the second largest annuity provider in the region....