News

AUSTRALIA - The growing trend for mergers between industry superannuation funds may not be serving the best interests of members, research by Russell Investments warns.

AUSTRALIA - The median growth superannuation fund (61 to 80% growth assets) fell 1.5% in July on the back of weak share markets, research from Chant West shows.

UK/EUROPE - The £4bn ($6.6bn) Merseyside Pension Fund has made an infrastructure allocation to AMP Capital's Strategic Infrastructure Trust of Europe.

UK - The ITV pension scheme has entered into a £1.7bn ($2.8bn) longevity swap with Credit Suisse to fully hedge the longevity risk for 12,000 of its pensioner members.

CANADA - The Caisse de dépôt et placement du Québec has returned 3.6% in the first half of the year bringing total assets to C$157.9bn ($160.6bn), but officials showed caution over the state of the economy going forward.

Prestige car retailer H.R. Owen has agreed a series of annual £50,000 contributions with its trustees to address the defined benefit scheme's deficit.

Inflation worries rise among UK pensions; Banks shift assets to cut pensions deficits; Pension conundrum at UK banks; Pension funds ‘down £250bn and taking too many risks'; Stagecoach may face executive pay revolt

Russell Investments; OPERS; BNY Mellon Asset Management; Mercer; Baring Asset Management; The Chartered Alternative Investment Analyst (CAIA) Association; Sciens Fund of Funds Management Holdings

The Nova Chemicals UK Pension Plan has agreed a £30m buyout with Pension Corporation covering the liabilities of its 155 members.

Inflation risk has become a key concern to sponsors and trustees in light of the continued uncertainty around which measure to use for indexation, a Metlife poll reveals.