UK/GERMANY - Germany's ban preventing company managers from becoming board members until a two-year waiting period has passed could be detrimental to the country's companies, Hermes warned.

The ousting of EMI trustee chairman Ian Smellie after a disagreement with the sponsor highlights a fundamental flaw in pension scheme governance, Trustee GAAPS claims.

The £2.4bn Lothian Pension Fund is set to implement a revised investment strategy after losing 17% over the fiscal year to March 31.

UK - The Pension Protection Fund is set to become one of the largest pension schemes in the UK in the next five years, Hymans Robertson warned.

US - The majority of institutional investors are against banning the use of placement agents in private equity investments, a survey by Preqin found.

The Pension Protection Fund is set to become one of the largest pension schemes in the UK in the next five years, Hymans Robertson warns.

A row over the funding level of the EMI pension scheme has resulted in the replacement of trustee chairman Ian Smellie.

GLOBAL - Pension funds could achieve greater investment diversification by incorporating insurance-linked instruments in their portfolios, Watson Wyatt said.

Pension funds could achieve greater investment diversification by incorporating insurance-linked instruments in their portfolios, Watson Wyatt says.

GLOBAL - Market turbulence has tested the viability of the traditional investment consulting model, a poll by SEI revealed.