News

GREECE - JPMorgan and North Asset Management have said they would be prepared to buy back all €280m of the structured bonds which were overpriced by €5m and sold to the Greek government pension scheme.

THE NATIONAL system of personal pensions savings accounts will be a trust-based occupational scheme run by trustees, the department for work and pensions says.

THE COST of buying out pension liabilities has reduced significantly over the last 18 months, Paternoster claims.

UK - Communication will be the key to the success of the new personal accounts, said John Hutton MP, during the NAPF annual conference in Manchester.

UK - Investment consultants have welcomed a proposal from Henderson Global Investors to use a diversified growth portfolio for the £300m Henderson Group Pension Scheme.

GLOBAL - Hedge fund managers have stepped up to defend the fees they charge pension funds.

GORDON Brown must make pensions a priority when he comes into office, the National Association of Pension Funds says.

FRANCE - The French Reserve Fund (Fonds De Reserve Pour Les Retraites) has invited tenders for a database software system to improve its internal information capability.

US - Morningstar has pledged to set up a pension, endowment and foundation database, to provide information for comparing fund performance.

CANADA - Strong equity performance and asset diversification have been credited with helping the Canada Pension Plan Investment Board grow to C$116.6BN.