News

US - A new report has slated Ohio State Teachers' Retirement System (STRS) and warned the organisation faces immense fiscal challenges which must be overhauled.

US - Minneapolis Firefighters Relief Association fund has decided to sue Ceridian Corporation after claiming a buyout offer has undervalued stocks held by the fund in the company.

CANADA - The Ontario Teachers Pension Plan (OTPP) has purchased the New York Container Terminal on Staten Island as part of a US$2.4bn deal.

FSA due to reveal results of private equity study; Vodafone hits out at plan to double debt; Marks chief gets £3.9m after 'exceptional' year; Tesco to branch out into garden centres

INSURANCE firms are writing "little or no" new business in trust-based pension schemes, research from Xafinity shows.

NETHERLANDS - It has been speculated that Barclays is one of the few remaining companies in the frame to manage the Dutch central bank's pension fund.

TAIWAN - Aegon has established a joint venture with Taishin Financial Holding to launch its life insurance and pensions products in the Taiwanese market.

JOB mobility will decrease as staff increasingly realise the benefits of being in final salary schemes, an investment manager claims.

Regulations crucial to implementing the revamped Local Government Pension Scheme fail to comply with proper practice and are defectively drafted, a parliamentary committee claims.

GLOBAL - A report by the Organisation for Economic Co-operation and Development (OECD) has warned that the value of compulsory pension systems will drop by an average of 22% in 16 member states.