Global Pensions | 11 Mar 2010
UK - The National Association of Pension Funds is set to launch a major review into the standards used for accounting for pensions.
GLOBAL - A group of 14 global pension schemes and institutional investors have launched a study to look at the potential impact of climate change scenarios on strategic asset allocation.
UK - Proposed changes to international accounting standard IAS19 could wipe £8.7bn (US$13.2bn) off reported company profits, Mercer warned.
UK - ITV has reported gains totalling £110m (US$165.4m) from initiatives aimed at reducing the future costs and risks of operating its pension schemes.
UK - Arriva has seen its pension liabilities fall by £47m (US$70.7m) after capped future benefit accrual in one of its schemes.
GLOBAL - The number of schemes awarding managers bond mandates increased by over 50% in 2009, Towers Watson said.
UK - Babcock International Group has chosen Friends Provident to administer a single defined contribution pension scheme for employees without access to its existing defined benefit schemes.
UK - The Conservatives will aim to restore the health of occupational pensions, shadow work and pensions secretary Theresa May said.
US/UK – Russell Investments has sold Pantheon Ventures, its US$22bn private equity fund of funds manager, to Affiliated Managers Group for around $775m.
UK - The Conservative Party has confirmed a large chunk of its pensions strategy in a major policy document on economic growth.
GLOBAL - Institutional pension fund assets in the 13 major markets increased by 15% during 2009, from US$20trn to over US$23trn, latest Towers Watson research has revealed.
UK/US - Affiliated Managers Group and the management team of Artemis Investment Management have bought Artemis from Fortis Bank for an undisclosed sum.
UK - The longevity swap market could reach £20bn (US$28bn) this year as schemes look towards cheaper DIY options to reduce risk.
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