News

AUSTRALIA - Prime Super announced its assets under management had surpassed the A$1bn mark.

US - NYCERS is expected to join the Enhanced Analytics Initiative (EAI) before the end of the week.

A leading scheme manager is urging ministers to reconsider their timetable for implementing a new-look Local Government Pension Scheme.

US - Goodyear and FedEX Corporation are to freeze their defined benefit pension plans as the funds look to cut millions from their pension outlays.

Ministers are considering introducing new rules to stop firms offering final salary scheme members cash inducements to give up benefits, PP can reveal.

THE SOUTHERN Electric Pension Scheme has hired Invesco Perpetual to manage a £89m UK equity mandate.

US - The Government Accountability Office (GAO) has called for improvements to how the government oversees pension plans in the private sector, despite regulatory upgrades in pension compliance.

UK - Actuaries have hit back at claims from a leading academic criticising their work and the resulting effects on pension investments.

CANADA - OMERS has named Michael Nobrega, currently head of its infrastructure arm, as the fund's new CEO, replacing Paul Haggis who left the fund under controversial circumstances.

Some self-invested personal pension providers will operate without full compensation because regulators will not be able to complete authorisation before the April deadline, experts warn.