News

IRELAND - Early signs of recovery in global equity markets are being displayed in the returns of Irish pension funds, according to the latest research from Rubicon Investment Consulting.

Crédit Agricole Asset Management has launched two global equity funds.

UK - The UK arm of the Philips Pension Fund is considering hiring a fiduciary manager, according to industry sources.

UK - Qatari investment company Delta Two has abandoned its takeover bid for supermarket J Sainsbury's, blaming poor credit markets and issues with funding its pension scheme.

TRUSTEES must adjust their mortality tables to take account of latest Continuous Mortality Investigation findings, Punter Southall urges.

Schemes and trustees must ensure there is a procedure in place to resolve disputes within "a reasonable period", The Pensions Regulator warns.

Pension funds in South Africa, Ghana and Nigeria are funding state economic development.

The National Association of Pension Funds has appointed David McCourt as policy adviser of investment and governance.

The Pensions Regulator should tackle defined contribution schemes now progress has been made on final salary schemes, a National Audit Office report says.

Revised regulations governing how trustees should deal with scheme disputes have been put out for consultation by the department for work and pensions.