Global Pensions | 13 Aug 2010
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top five most popular stories on www.globalpensions.com over the past seven days (6 August - 13 August).
GLOBAL - Axa Investment Managers (Axa IM) has appointed Mercer CIO Tim Gardener as global head of consultant relations.
US - Axa SA’s private-equity unit agreed to buy $1.9bn of investments in private-equity funds from Bank of America Corp. as the buyout industry emerges from the worst recession in 70 years.
UK - Unfunded pension promises made to past and present UK public sector workers now amount to £993bn (US$1.5trn), Towers Watson calculations revealed.
Institutional investors flooded into commodities last year as prices soared. Industry experts say the asset class’ popularity isn’t likely to wane in 2010, as Lynn Strongin Dodds reports
UK - A group of banks and insurance firms have launched an association to promote the development of a liquid traded market in longevity and mortality-related risk.
FRANCE – The Fonds de Réserve pour les Retraites has hired five managers to run a total of around €1.5bn (US$2.1bn) in fixed income mandates.
FRANCE – The Fonds de Réserve pour les Retraites (FRR) has hired six firms to run a combined €4bn (US$5.9bn) in inflation-linked bond mandates.
AUSTRALIA/CHINA – Pension provider AMP has agreed a strategic partnership in asset management and pensions with China Life to exploit the opportunities arising from China’s changing investment regulatory framework and ageing society.
AUSTRALIA/NEW ZEALAND – AXA Asia Pacific Holdings (AXA AP) has rejected an A$11bn (US$10.2bn) acquisition offer by Australian financial group AMP claiming it undervalued the company.
GLOBAL – The Caisse de dépôt et placement du Québec (Caisse) and AXA Private Equity have entered into a partnership aimed at helping Québec and European-based businesses expand internationally.
With defined contribution (DC) rapidly becoming the dominant pensions model across the globe, Richard Lowe assesses whether it really is more desirable than defined benefit (DB)
FRANCE- AXA earnings; CANADA- Caisse de dépôt et placement du Québec; AUSTRALIA- Super review panel
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