The European Union’s executive says Europeans should not retire before 70 to save cash-strapped state pension funds.
Displaying the most recent of 30 posts written by
admin
The FSA has signalled it will take a hard line on corporate advisers who have been splitting commission on group pensions with the sponsoring employer.
One of the largest Swedish state pension schemes is to increase its holdings in hedge funds dramatically as investors look to reinvigorate performance and alternative managers have redoubled their efforts to win over institutional investors.
Norway’s sovereign wealth fund, the world’s second largest, will increase investments in Asia, as the region leads the global economic recovery, said Norges Bank Governor Svein Gjedrem.
The head of Japan’s public pension fund on Tuesday rejected a proposal to split the $1.37 trillion fund in two in an attempt to achieve higher returns, saying such a move would be inappropriate and inefficient.
The funding shortfall faced by the UK’s biggest pension schemes has soared to £100 billion and looks set to get worse during the coming year, research has suggested.
Australia’s pension industry will need to compete for a smaller fee pool if lawmakers implement a new standardized fund recommended by a government-commissioned review, Superannuation Minister Chris Bowen said.
Peru’s private pension funds have set an ambitious goal of doubling the volume of their assets under management over the next six years.
The amount of money being paid into pension funds by UK workers has fallen, according to a new report. This could inspire a number of people aged over 55 years to consider using the value of their home to boost their retirement finances through a lifetime mortgage.
The safeguards expected from ring-fencing pension assets may not work as expected in certain situations or countries, raising potential risks for cross-border pension provision, CEIOPS has warned.