News

ZEW ZEALAND - Adrian Orr has been appointed CEO of the Guardians of New Zealand Superannuation, replacing Paul Costello, who announced his resignation in August.

Britain's frugal pension system gives it cutting edge in Europe; Royal Mail loses Whitehall contract; The woman with a key to £4bn treasure chest; Financial services jobs grow to record levels

US - The PBGC will have to pay nearly US$1bn into the Delta Air Lines pilots retirement plan after taking responsibility for payment of pension benefits to more than 13 000 active and retired pilots. 

IRELAND - Canada Life/Setanta and BIAM are Ireland's worst performing fund managers for the year-to-date, according to two investment manager surveys released today.

BRITISH AIRWAYS has released details of its recovery plan thrashed out with unions to close the £2.1bn deficit in its largest staff pension scheme, the New Airways Pensions Scheme.

SOUTH KOREA - Mellon Global Investments has opened a representative office in South Korea to develop its asset management capabilities in the region.

NETHERLANDS - GSAM has been awarded a €240m mandate by Stichting Pensioenfonds voor de Grafische Bedrijven (GBF), the asset manager for the €9bn Dutch printers' pension fund (PGB).

THE ENGINEERING Employers' Federation Staff Pension Fund has appointed DC Link as third party pension administrator to its multi-employer pension scheme.

BENIN - Pension reform is needed before the rising state pension fund deficit puts a strain on the country's macroeconomic stability, an IMF staff report has claimed.

HSBC Investments has launched a new emerging markets fund for institutional investors.