News

US - The Maryland State Retirement and Pension System returned 14.3% on investments in the six months to December 31, increasing the fund's value by more than $4bn.

SWITZERLAND - Former Swiss Re chairman Peter Forstmoser has joined the board of Swiss Foundation for International Real Estate Investments (AFIAA).

GERMANY/UK - Germany has replaced the UK as the preferred location for investment in non-listed real estate funds, new research shows.

UK - Changes to defined benefit indexation have saved FTSE100 schemes more than £15bn($23.6bn), Towers Watson estimates.

The Department for Work and Pensions is set to take action to stop firms using differences between defined contribution regulations to cut scheme costs.

Accrued benefits for deferred occupational scheme members will have plummeted 20% by retirement if schemes use Consumer Price Index inflation to uprate benefits, research finds.

Greater Manchester Pension Fund will increase employer contributions by 1.4 percentage points after its funding level dropped from 100% to 96.4% following its triennial valuation.

The Pension Protection Fund has released a second consultation on the thorny subject of guaranteed minimum pension equalisation.

Teachers hold strike vote in pension row; Teaching union ATL to ballot members over strike action; Top firms in line for £15bn pensions windfall, survey shows

Changes to defined benefit indexation have saved FTSE100 schemes more than £15bn, Towers Watson estimates.