News

Growth threatened by market turbulence, say economists; DC schemes may run into trouble without reforms; Pensioners owe £57bn in debt; Schemes influence policy

CANADA - The Canada Pension Plan's (CPP) first quarter return rate tumbled by 11.2% compared to the last fiscal year, according to new figures.

TRUSTEES are not assessing asset allocations regularly enough, BlackRock claims.

JAPAN - State Street Global Advisors (SSgA) has exclusively revealed plans to launch global exchange traded fund (ETF) products in Japan to boost the options available to investors.

AXA subsidiary Thinc Group has taken over employee benefits consultancy PIFC Consulting.

SINGAPORE - Singaporeans are turning away from annuities in favour of higher monthly payouts that may not last for the rest of their lives.

INCLUDING: UK - Skandia launches institutional share class; UK - The Pensions Report to launch in October; UK - HBOS pension deficit reduced by two-thirds.

US - The selection of emerging manager fund of funds managers and a corporate governance update are just some of the issues due to be discussed by the investment committee of the California Public Employees' Retirement System (CalPERS).

US - The funded status of US pension plans has plummeted due to current market conditions, according to BNY Mellon Asset Management.

LV= is increasing the size of its national account management team in a bid to expand its presence in the intermediary market.