International

Melbourne Mercer Global Pension Report shows aging population stressing retirement

Melbourne Mercer Global Pension Report shows aging population stressing retirement

Nations must address the inadequacy of their retirement income systems in the face of declining birth rates and a rapidly aging population, said the latest annual Melbourne Mercer Global Pension...

October 24, 2016 | 03:07 pm
S&P Dow Jones: 86% of U.K. active managers miss benchmark for year

S&P Dow Jones: 86% of U.K. active managers miss benchmark for year

Almost 90% of U.K. active equity strategies underperformed the benchmark over the year ended June 30, a fourfold increase on the proportion of strategies that underperformed the benchmark in the 2015 ...

October 24, 2016 | 10:42 am

San Jose Police & Fire investment officer urges pension fund to stick with Och-Ziff

San Jose Police & Fire Department Retirement Plan should not change its investment with Och-Ziff Capital Management, despite the firm's African subsidiary's bribery charge settlement, said Ron Kumar, ...

October 21, 2016 | 03:25 pm

Japan's GPIF seeking alternatives investment consultants

Japan's Government Pension Investment Fund is looking for investment consultants to advise the ¥129.7 trillion ($1.25 trillion), Tokyo-based pension fund on its allocations to alternative asset...

October 21, 2016 | 03:49 pm

Ireland Strategic Investment Fund picks 8 managers for portfolio transaction strategy

Ireland Strategic Investment Fund, Dublin, hired eight money managers for global portfolio transaction strategy and management services.

October 21, 2016 | 03:42 pm
GPIF adds director of external asset managers for global public markets

GPIF adds director of external asset managers for global public markets

Jun Arima joined Japan's Government Pension Investment Fund as a director, overseeing the ¥129.7 trillion ($1.25 trillion) pension fund's external asset manager selections for global public...

October 21, 2016 | 01:13 pm
U.K. said to seek buyers for Royal Mail private equity portfolio

U.K. said to seek buyers for Royal Mail private equity portfolio

The U.K. government is preparing to sell the private equity portfolio it inherited when it took on the Royal Mail PLC pension fund's assets and liabilities, people familiar with the matter said.

October 20, 2016 | 02:47 pm
PLSA report shows growing default risk for corporate U.K. pension funds

PLSA report shows growing default risk for corporate U.K. pension funds

The defined benefit system in the U.K. is fragmented, inflexible and is not working as it should, shows research for the interim report of the Pension and Lifetime Savings Association's DB task force.

October 20, 2016 | 02:34 pm
Retirement industry supports bill to increase regulation of multiple-employer DC plans

Retirement industry supports bill to increase regulation of multiple-employer DC plans

A new U.K. bill calling for increased regulation of multiple-employer defined contribution plans, known as master trusts, has been welcomed by the retirement industry.

October 20, 2016 | 02:26 pm
ECB stands pat; managers look toward December meeting for more direction

ECB stands pat; managers look toward December meeting for more direction

The European Central Bank left interest rates and its monthly asset purchase program unchanged, with money managers looking toward the bank's December meeting for guidance on future monetary policy.

October 20, 2016 | 01:58 pm

Australia's Guild Trustee Services taps Russell Investments for implemented consulting

Guild Trustee Services, the Sydney-based trustee for roughly A$1.3 billion ($1 billion) in retirement assets, hired Russell Investments to provide investment advice and investment management services ...

October 20, 2016 | 12:19 pm

AustralianSuper, IFM to pay $12.3 billion to lease Ausgrid for 99 years

AustralianSuper and IFM Investors have agreed to pay A$16.2 billion ($12.3 billion) to the Australian state of New South Wales for a 99-year lease on the state's Ausgrid electricity distribution...

October 20, 2016 | 04:40 am
New Zealand Super announces climate change strategy

New Zealand Super announces climate change strategy

The New Zealand Superannuation Fund Wednesday unveiled a climate change strategy, aimed at improving investment returns while making its NZ$31.4 billion portfolio more resilient to long-term, climate-...

October 19, 2016 | 12:56 am
U.K. pensions undersecretary lauds auto enrollment, discusses its future

U.K. pensions undersecretary lauds auto enrollment, discusses its future

Automatic enrollment in the U.K. has been a success so far, but things are about to get more difficult, warned Richard Harrington, the parliamentary undersecretary of state for pensions.

October 19, 2016 | 02:18 pm

Pensioenfonds ING taps BlackRock, AXA for €20 billion liability-matching allocation

Pensioenfonds ING hired BlackRock and AXA Investment Managers to run about €10 billion ($11 billion) each for its liability-matching portfolio.

October 19, 2016 | 01:46 pm