News

JAMAICA - Jamaica's National Commercial Bank (NCB) said legislative reform in 2004 necessitated the transfer of pension fund assets to NCB Insurance - despite double digit growth over the past four years in its original holders, the $43.5bn WITCO fund....

THE QUEST continues to find this year's Pensions Personality of the Year - and the process has now entered its second phase.

GERMANY - Union members within the German Federation (DGB) protested outside the Bundestag (parliament) today as the lower house passed a law raising the retirement age from 65 to 67 by a vast majority.

HSBC head of group investment business Alain Dromer has left the firm.

UK - The London Pensions Fund Authority (LPFA) has tendered a £150m mandate for global real estate, as the £3.6bn fund undertakes a review of its investment management structure.

Fund managers' disclosure move; AA pension looks to private equity

COMPANIES are increasingly bypassing trustees and advisers and hiring their own experts to come up with ways to run pension schemes, Insight Investment says.

Seven-tenths of adults do not trust the government on pension reform, a survey by financial services firm MetLife reveals.

GLOBAL - Most of the Global Pensions 100 Panel shunned having risk shared between the employer and employee, with 71.8% of respondents saying pension funds should be entirely DB.

MALAYSIA — The government pension fund has purchased a further US$641m (32.8%) stake in Malaysian bank Rashid Hussain, making it the majority shareholder.