News

EUROPE - The Dutch Association of Pension funds (UVB) and the Slovak Association of Pension Funds (ADSS) have become members of the European Federation for Retirement Provision (EFRP).

MEXICO - The Mexican Congress has approved controversial changes to the health and pension system for 2.8m government workers.

AUSTRALIA - Thomas Murray, the specialist custodial rating, advisory and monitoring consultancy, has hired Karen Bignell as business manager for its first Australian office.

THE PENSIONS Regulator has published findings of its consultation into defined contribution scheme regulation along with a discussion paper on governance.

INDEPENDENT Myners compliance reviews should become best practice in order to force trustees to think more about the principles, financial services giant PricewaterhouseCoopers says.

CLAIMS that the Myners principles are already entrenched as best practice have been rejected by FairPensions.

UK - The Institute of Chartered Accountants of Scotland (ICAS) has issued guidance to help trustees in their decision-making, spurred on by recent legislative changes.

BALANCED pooled funds achieved a positive return for the third consecutive quarter with a median return of 2.3pc, latest Mellon Analytical Solutions figures show.

HOLLAND - The Dutch Association of Industry-Wide Pension Funds (VB) has highlighted the improving performance of its members.

UK - Standard Life Investments (SLI) has targeted US pension funds in a bid to establish itself in the market.