http://globalpensions.com Global Pensions Magazine en-us © Copyright Incisive Media Investments Ltd. 1996-2007. webmaster@incisivemedia.com Latest news http://globalpensions.com/img/gp_img/gplogo.gif http://globalpensions.com GREECE – The cost of public pensions in Greece is estimated to rise by more than 20% of gross domestic product by 2050, according to the latest report by the Organisation for Economic Co-operation and Development (OECD). ... Tue, 4 Aug 2009 00:00:00 +0100 US – The Fresno County Employees Retirement Association (FCERA) may axe its allocation to infrastructure and divert the funds into a commodities portfolio if the board of trustees approves the change at a meeting tomorrow. ... Tue, 4 Aug 2009 00:00:00 +0100 NETHERLANDS – The five-year recovery plans of Dutch pension schemes are estimated to shrink the country’s future gross domestic product (GDP) by 0.75%, a report by De Nederlandsche Bank (DNB) said. ... Tue, 4 Aug 2009 00:00:00 +0100 EUROPE – The European Union Alternative Investment Fund Managers directive could cost Europe’s pension fund industry up to €25bn (US$36bn) a year if implemented in its current form, the Alternative Investment Management Association (AIMA) claimed. ... Tue, 4 Aug 2009 00:00:00 +0100 UK - Unite is set to conduct a consultative ballot on industrial action over pay and pensions involving as many as 2000 of its Fujitsu members. ... Tue, 4 Aug 2009 00:00:00 +0100 UK - Devon County Council Pension Fund has appointed managers to run two of the three mandates it tendered for in June. ... Tue, 4 Aug 2009 00:00:00 +0100 UK/US – Barclays Global Investors’ (BGI) assets under management increased 12% in the first six months of the year, with the firm’s iShares business experiencing the fastest growth, its UK-based parent company Barclays reported today. ... Mon, 3 Aug 2009 00:00:00 +0100 JAPAN – Nomura Asset Management plans to expand its business in a bid to become a more global player in the asset management industry. ... Mon, 3 Aug 2009 00:00:00 +0100 US – The California Public Employees’ Retirement System (CalPERS) invested US$463m in a real estate portfolio consisting of almost the same shopping centres it had previously sold in 2005. ... Mon, 3 Aug 2009 00:00:00 +0100 GLOBAL – Julius Baer has created a structured version of its Physical Gold Fund, available to pension funds and other institutional investors. ... Mon, 3 Aug 2009 00:00:00 +0100 UK - Pension scheme deficits have failed to improve despite significant rises in equity markets, latest research revealed. ... Mon, 3 Aug 2009 00:00:00 +0100 US – Pension funds are considering entering a class action against JPMorgan Chase, Fitch and Moody’s related to transactions on mortgage pass-through certificates. ... Mon, 3 Aug 2009 00:00:00 +0100 GLOBAL - I am writing this from a very rainy Lake District, where I am helping my mother convalesce after an operation. ... Fri, 31 Jul 2009 00:00:00 +0100 US – Lawmakers introduced new legislation yesterday that would expand the board of the Pension Benefit Guaranty Corp. and prevent the director from participating in the manager selection process. ... Fri, 31 Jul 2009 00:00:00 +0100 CANADA – Air Canada has raised more than C$1bn (US$937) in order to meet requirements for its recently amended pension and work arrangements. ... Fri, 31 Jul 2009 00:00:00 +0100