News

UK - The increasing longevity of pension fund members adds around £15bn a year to UK private sector companies' liabilities, claimed a new KPMG survey.

Pensions liabilities rise by £30bn; Young to head pension review; Cheap pensions inadequate, bosses admit; Tighter scrutiny of banks' fund exposure urged

MSCI Barra has launched a global family of Islamic indices, designed to reflect Sharia investment principles.

EUROPE - Gilles Glicenstein, head of BNP Paribas Asset Management, has highlighted the growing trend of clients becoming competitors in the pension and savings industry.

EUROPE - Greater government intervention has been advocated as one way to help unravel the European pensions riddle.

SWITZERLAND - Swiss pension funds only achieved half the returns in 2006 they achieved in the previous year, despite significantly diversified investment strategies, according to an institutional survey.

US - The US$39.7bn Teachers' Retirement System (TRS) of the State of Illinois has announced major changes to both its asset allocation and master trustee position after ten years working with Northern Trust.

A GOVERNMENT review looking at using assets from schemes in wind-up to help compensate people who lost their pensions has started.

UK - Asset management firm CQS has announced the appointment of Chris Cooke to its seven-person marketing and investor relations team.

RISING life expectancy has added £30bn to UK pension scheme liabilities in just two years, analysis by accountants KPMG reveals.