Pension Insurance Corporation (PIC), the latest company to join the pensions buyout market, is developing a new type of longevity bond that would allow private equity firms to take on chunks of Britain’s pensions liabilities.
TimesOnline

India’s government is likely to appoint pension fund managers from among state-run firms within the next few months to flag off a long-pending reform, the country’s pension regulator said. Pension Fund Regulatory and Development Authority (PFRDA) chairman D. Swarup said State Bank of India, Life Insurance Corp., Punjab National Bank, and UTI Asset Management Co. have evinced interest to become pension fund managers (PFMs).
Vorsorgeforum – BVG

Two pension funds have filed a lawsuit seeking to halt millions in retirement benefits due to John Browne, the outgoing chief executive of oil giant BP.

Unite Here, a US clothing, hotel and restaurant union, and the London Pensions Fund Authority have filed a
lawsuit in Alaska’s Superior Court seeking to temporarily place
Browne’s severance package in short-term UK Treasury Gilts or other
liquid assets approved by the court until the lawsuit is resolved.

In the lawsuit, the pension schemes say Browne’s package is
excessive and add the outgoing executive does not deserve such a hefty
payoff because of BP’s poor performance and the company’s environmental
and labor disputes.
Financial News Online US

Two pension funds are trying to block payments of more than £70million to one of Britain’s most powerful businessmen. They claim that outgoing BP chief executive Lord Browne’s management of

the oil giant has hit the value of their investment in the company.
News | This is London

Global institutional pension fund assets in the 11 major markets have more than doubled during the past ten years and now total USD 23,200 billion, according to Watson Wyatt’s Global Pension Assets Study, having grown at a compound annual rate of 7.5%. The assets have also increased from 58% to 81% as a proportion of the Gross Domestic Product (GDP) of the countries included in the survey.
Watson Wyatt – News

With the Pensions Time Bomb› ticking and the ongoing pension reforms in Europe, Aon Consulting has released the latest version of its European Pensions Barometer.
One of the key issues for multi-national companies is the choice of where to site operations, and one of the factors in this choice is labour cost. A significant component of labour costs in all advanced economies is the provision for old age, both through social security contributions and private pension arrangements. While companies can easily know both the costs and the issues of the present day, it is much more difficult to predict changes in the future. The Barometer endeavours to analyse the pressures on pension systems in the EU countries. The aim is to determine which systems are under the greatest pressure, so that material change is likely to be forced to occur in the medium to long term. Such a change could affect labour costs.
AON