News

US - New research from the California Public Employees' Retirement System (CalPERS) said the organisation generated more than US$4bn in economic activity to the Los Angeles region in 2006.

EUROPE - A judgement from the European Court of Justice (ECJ) has been hailed a victory for employers providing pension benefits - but a defeat for workers over retirement age.

JPMORGAN Asset Management has launched four 130/30 funds targeted at pension schemes and other institutional investors.

Bury eyes £1bn for pensions deals; Labour warned on post strike; Sainsbury progress; De-risk to deal with volatility, report says

UK - A shocking 75% of fund managers do not publicly disclose any policies relating to environmental and social issues, according to a new survey from FairPensions.

UK - David Willetts, the former shadow pensions minister, has slammed defined contribution (DC) schemes for leaving future retirees with inadequate retirement provision.

MPC INVESTORS is set to open its discretionary macro hedge fund to external investors.

US - More than US$49.4m has been pumped into a pension fund belonging to the firefighters and retired firefighters of St Louis after a court ruling.

INCLUDING: AUSTRALIA - Russell Investment new appointments; UK - Watson Wyatt wins Emirates custody; UK - Hewitt welcomes new appointment; LUXEMBOURG - Citi to service new Luxembourg State Pension Fund

AUSTRALIA - Australian treasurer Peter Costello has announced that all future superannuation contributions and balances for temporary residents should be paid to the Australian Government.