News

LATIN AMERICA - Speculation has mounted that Santander will sell its pension interests in four major Latin American markets.

US - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the underfunded pension plan covering about 460 employees and retirees of bankrupt law firm Coudert Brothers LLP.

HECTOR Sants will replace John Tiner as the new chief executive of the Financial Services Authority.

NETHERLANDS - ABP has allocated US$60m to the Global Solidarity Forest Fund (GSFF). In May this year, Global Pensions exclusively revealed the pension giant was set to invest in timberland.

POSTAL workers have gone out on strike for a second time in a row over pay, modernisation and pension plans.

AROUND 80pc of pension scheme administrators have "some" or "significant" concern about their readiness for mandatory e-filing.

SCHEME wind-up victims are on the brink of victory in their campaign for compensation from the government, Ros Altmann has said.

UK - The £1.18bn Wiltshire County Council pension fund has dumped Northern Trust in favour of three boutique managers for mandates totalling over £178m.

NETHERLANDS - A more ‘offensive' approach can make the Netherlands a major player in the international pensions market, according to a new report.

TRUSTEES are unsure how to fulfil their responsibilities before entering the Pension Protection Fund, an independent trustee claims.